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LIBOR transition a challenge for small portion of sukuk market: Fitch Ratings
The transition to new risk-free rates creates challenges for the small portion of the sukuk market that reference legacy IBORs, Fitch Ratings says. These sukuk will face the same uncertainties as conventional bonds, with the added complexity of how transition to RFRs can be accommodated in underlying sukuk structures. The…
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Source: Fitch Ratings