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Islamic Investments
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Source: Shariabanking.net
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Wednesday, 30 August 2006 |
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GFH announced
today that it has been assigned an investment credit grade rating of
BBB- by Standard & Poor’s (S&P), one of the top two
international rating agencies. GFH is the first Islamic investment bank
to be awarded an investment grade credit rating by S&P. The rating
applies to GFH as an institution and any senior unsecured long-term
obligations it might have. The credit rating on GFH’s short-term
obligations is A-3, which reflects strong liquidity. The outlook on the
rating is stable indicating that it is likely to remain unchanged in
the medium term. |
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Last Updated ( Sunday, 07 January 2007 )
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