Fitch Revises ICD's Outlook to Negative, Affirms ICD, Hilal at 'AA'
(The following statement was released by the rating agency)
LONDON, October 28 (Fitch) Fitch Ratings has revised the Outlook
Corporation for the Development of the Private Sector's (ICD)
Default Rating to Negative from Stable and affirmed the rating
at 'AA'. The
Short-Term IDR has been affirmed at 'F1+'. Fitch has also
Services Ltd's medium-term note (MTN) programme at 'AA'.
KEY RATING DRIVERS
Capital Structure Changing
ICD is a member of the Isla