The Islamic Development Bank “ AAA” credit rating was affirmed with a “Stable Outlook” by Fitch on 13 June 2017. The trust certificates issued by IDB Trust Services Ltd have also been affirmed at ‘AAA’
The ratings and the stable outlook reflect the intrinsic strengths of IsDB; in particular its excellent capitalisation, excellent liquidity and low solvency risks compared with other regional multilateral development banks (MDBs). Fitch also recognized the Islamic Development Bank (IsDB)’s capitalisation as being “one of the strongest in the universe of MDBs”.
The IsDB remains amongst the most highly-rated MDBs and the highest in the Muslim World. The ‘AAA’ rating enhances the Bank’s capacity to mobilize external resources to fulfil its development mandate and play a leading role in development of the Islamic Finance Industry.
IsDB is a Multilateral Development Bank established in 1973G with the purpose of fostering economic development and social progress of its Member Countries and Muslim Communities in non-member countries in accordance with the principles of Islamic Finance.
Dr. Bandar Hajjar, President of the IsDB Group, congratulated all member countries, IsDB Board Members and Staff for this important achievement. He renewed IsDB’s commitment to exert maximum efforts to realize the objectives of the 2020G Vision and committed to roll out a bold decentralization plan to enhance efficiency and effectiveness of the Bank’s activities.
For further information, please visit our website www.isdb.org or contact us by email on ratings@isdb.org.
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FOR EXTERNAL RELEASE
Islamic Development Bank
Jeddah, Saudi Arabia
© Press Release 2017
