Moody's Investors Service has been voted 'BestIslamic Rating Agency' that is, best rating agency for Islamic finance ratings by the readers of Islamic Finance News in the publication's annual 2008 Awards poll.
The award recognises Moody's superior ratings coverage of Islamic financial institutions and Sukuk transactions during 2008.
Indeed, Moody's rates and publishes in-depth research on most of the banks that were voted 'Best Islamic Bank' in their respective country by
the readers of Islamic Finance News.
'Moody's is pleased to receive recognition for its credit analyses of Shari'ah-compliant banks and its close surveillance of Islamic capital markets,' said Anouar Hassoune, Vice President, Senior Credit Officer who has spearheaded Moody's
research on Islamic Financial Institutions. 'Moody's maintains its view that the Islamic finance industry has a bright future,' added Mr Hassoune.
Moreover, in terms of Islamic securitisations, Moody's rated high-profile deals in 2008, such as the Tamweel Sukuk, which was voted 'Sukuk of the
year', as well as the Sorouh/Sun Finance deal, which was voted 'Structured Finance Deal of the Year' by the readers of Islamic Finance News. 'The Sorouh/Sun Finance securitisation was a landmark in Sukuk markets, which are increasingly interested in 'true' asset-backed financings.
No comments:
Post a Comment