PAKISTAN: JDW Sugar Mills has issued an unsecured short-term Sukuk facility worth PKR5 billion (US$17.86 million) on the 15th February 2024, which received a final rating of ‘A-1’ from VIS Credit Rating Company.
The final rating on the six-month Sukuk facility, which is maturing on the 15th August 2024, reflects a high certainty of timely payment, according to a note by the rating agency.
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