Doha – Mubasher: Moody's Investors Service said on Thursday it placed the backed senior unsecured Aa2 rating on the US dollar certificates issued by SoQ Sukuk A Q.S.C. on review for downgrade.
The rating agency added that this action follows its decision on 4 March 2016 to place Qatar's Aa2 long-term government bond and issuer ratings on review for downgrade.
The payment obligations associated with these certificates are direct obligations of the government of Qatar. the payment obligations represented by the securities issued by SoQ Sukuk A Q.S.C. rank pari passu with other senior, unsecured debt issuances of the government of Qatar, Moody’s stated.
