Standard & Poor’s Ratings Services assigned its ‘BB+’ long-term foreign currency issue rating to the proposed issue of benchmark-sized global Sukuk trust certificates by Perusahaan Penerbit SBSN Indonesia II, a fully-owned special purpose vehicle of the Republic of Indonesia.
According to S&P’s ratings scale, BB is below investment grade and thus termed “junk.”
http://cpifinancial.net/v2/News.aspx?v=1&aid=9719&sec=Islamic%20Finance
