Saturday 16, March 2013 by Robin Amlôt

Fitch affirms Majid Al Futtaim Holding LLC at 'BBB'; Stable Outlook

Fitch Ratings has affirmed Majid Al Futtaim Holding LLC's (MAF) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB', with a Stable Outlook. Fitch has also affirmed MAF's Short-term IDR at 'F3'. The rating of MAF Global Securities Limited's global medium-term note (GMTN) programme and MAF Sukuk Ltd were also affirmed at 'BBB'.

Features & Analyses

Commercial Banking Banking—creatively disrupted

Sanjeev Kumar, Group CEO, M Holdings Limited, discusses how Bank M became a top bank in Tanzania and why it is now taking its offering… read more