Jeddah, 19 January 2013 : Standard & Poor’s (S&P), one of the world’s leading rating agencies, has reaffirmed IDB’s 'AAA' long-term and 'A-1+' short-term issuer credit ratings with a Stable Outlook under the revised criteria for Multilateral Lending Institutions. These ratings are based on IDB’s “very strong” business profile and “extremely strong” financial profile. This is the 12th consecutive year that IDB is assigned a ‘AAA’ rating by S&P. IDB also enjoys the same level of ratings by the
other two leading international rating agencies - Fitch Ratings and Moody’s and is the highest rated institution in the Muslim World as well as among regional Multilateral Development Banks (MDBs).
Dr. Ahmad Mohamed Ali, President of the IDB Group, praised the strong and generous support of the shareholders and congratulated all member countries, IDB Board Members and the staff for this important achievement and renewed IDB’s pledge to further the achievements by adhering to highest levels of professionalism. He stressed the importance of continuing the performance and prudent practices to enhance the financial capacity of the institution and effective delivery of its mandate to member
countries. The President further stated that IDB will continue its Reform efforts to realize the objectives of the 2020 Vision.
The unique feature of IDB as an institution established with the purpose of fostering economic development and social progress of Member Countries and Muslim Communities in non-member countries in accordance with the principles of Islamic Banking underpins its “very strong” business profile rating. Further rating-related information can be obtained by contacting GRMD@isdb.org.