Jeddah, KSA - The Islamic Development Bank’s ‘Aaa’ Long-term issuer rating was reaffirmed with a “Stable Outlook” by Moody’s on 20th October 2015. The affirmation of these ratings by Moody’s for the 10th consecutive year reflects the Bank’s (1) strong shareholder support; (2) the institution's preferred creditor status; (3) a strong capital base and prudent financial and risk management policies; and (4) solid liquidity levels.

The IsDB remains amongst the most highly-rated MDBs and the highest in the Muslim World. The ‘Aaa’ rating enhances the Bank’s financial capacity to fulfil its development mandate and play a leading role in the 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. Ahmed Mohamed Ali, President of the IsDB Group, congratulated all member countries, IsDB Board Members and the staff for this excellent achievement. He renewed IsDB’s commitment to exert maximum efforts to realize the objectives of the 2020G Vision and aspirations of its Member Countries.

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