Fitch rates Tamweel certs A

Fitch Ratings said it assigned Tamweel PJSC's $300 million five-year fixed-rate guaranteed trust certificates, issued by Tamweel Funding III under its $1 billion trust certificate issuance program a long-term rating of A.

The rating is driven by Dubai Islamic Bank's long-term issuer default rating of A. The bank is the guarantor under this series of certificates.

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