Jeddah, Kingdom of Saudi Arabia, 5 August 2016 – The Islamic Development Bank’s (IsDB) Aaa long-term issuer credit rating has been reaffirmed by Moody’s for the 11th consecutive year.

The purpose of Moody's ratings is to provide investors with a simple system of gradation by which future relative creditworthiness of securities may be gauged. Obligations rated Aaa are judged to be of the highest quality,subject to the lowest level of credit risk.

The Aaa rating reflects the intrinsic strengths of IsDB, especially its strong capitalization, high liquidity levels and well-diversified portfolio compared to other regional Multilateral Development Banks (MDBs). Moody’s recognized IsDB’s capitalization as being among the strongest among MDBs.

IsDB is one of the most highly-rated MDBs globally 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 rolein the Islamic finance industry.

IsDB was established in 1975 to foster 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 the Bank's member countries, Board Members and staff for this outstanding achievement adding. He renewed IsDB’s commitment to exert maximum efforts to meet the objectives of the 2020 Vision and realize the aspirations of its constituents.

Further information is accessible at "www.isdb.org" and enquiries may be sent to ratings@isdb.org.