New York, July 18, 2024 - The Islamic Development Bank’s “AAA” credit rating was affirmed with a “Stable Outlook” by Moody’s Ratings. The short-term issuer rating has been affirmed at Prime-1, the highest tier on offer.

The affirmation reflects Moody’s expectation that IsDB's capital position and asset performance will remain robust, supported by the strong liquidity & funding position, low funding costs, and the Bank's preeminent position as one of few regular issuers of highly-rated benchmark-size sukuk in the international capital markets.

The Bank’s very strong credit profile also benefits from the track record of member country support demonstrated through a series of general capital increases (GCIs) as well as the recent special capital increase (SCI), as a result of which the IsDB’s leverage ratio is expected to remain significantly below the median for Aaa-rated MDBs.

IsDB has been rated ‘AAA’ by Moody’s since 2006.

For further information, please visit our website www.isdb.org or contact us by email on ratings@isdb.org.