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CI Seminars

CI Seminars

News & Credit Rating Announcements

17 November 2020 | Country: Oman

Tilal Sukuk – National Rating Lowered to ‘omA’


Capital Intelligence Ratings (CI Ratings or CI) today announced that it has lowered the Oman National Scale rating for the USD137mn trust certificates (Sukuk) issued by Tilal Sukuk Company Ltd (TSC) to 'omA' from 'omA+'. TSC is a Cayman Islands-registered special purpose vehicle (SPV) established by Tilal Development Company SAOC (TDC) based in Oman. The Outlook for the rating is maintained at Negative.


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