VIS Finalizes Sukuk Rating Of AA+ To K-E Rs 25 Bn Sukuk
The outlook on the assigned rating is stable. The pre-IPO amount of Rs 23.
71 billion was raised and the remaining amount will be raised through an IPO during second half of fiscal year 2019-20, said a press release on Friday.
The assigned ratings incorporate strategic importance of K-E, strong business risk profile, adequate financial profile and structural features of the Sukuk. The previous rating action was announced on October 14,2019.