Moody's assigns provisional (P)A2 to Qatar International Islamic Bank's Sukuk programme
The (P)A2 ratings assigned to the trust certificates are at the same rating level as the A2 long-term issuer ratings of QIIB.
The (P)A2 ratings assigned to the trust certificates are at the same rating level as the A2 long-term issuer ratings of QIIB. This reflects
Moody's view that the Sukuk certificate holders will (i) effectively beexposed to QIIB's senior unsecured credit risk; (ii) not be exposed to
the underlying performance risk of the Sukuk assets; (iii) have no preferential claim or recourse over the Sukuk assets, or rights to cause
any sale or disposition of such assets except as expressly provided under the transaction documents; and (iv) only have rights against QIIB, ranking pari passu with other senior unsecured obligations as provided in the transaction documents.