Fitch upgrades Tamweel's asset-backed securities to 'AAsf'; Outlook Stable

Wednesday 25, July 2012 by Robin Amlôt

Fitch upgrades Tamweel's asset-backed securities to 'AAsf'; Outlook Stable

Tamweel said that the ratings of the asset-backed securities of its landmark 2007 securitisation (Tamweel Residential ABS CI (1) Ltd.) have been upgraded by Fitch Ratings, reflecting the substantial level of credit enhancement available to the notes and the stable performance of the underlying assets.

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