24.06.2012, Jeddah, KSA - The world’s main rating agencies, Standard & Poor's, Fitch Ratings and Moody’s, have all recently reaffirmed their highest issuer rating “AAA” to the IDB’s enlarged US$ 6.5 billion Trust Certificate Issuance “Sukuk” Program and the US$ 800 million issuance in June 2012, thereunder.

Dr. Ahmed Mohamed Ali, President, IDB, while praising the strong and generous support of the member countries, commented that “IDB is continuously expanding the extent of its interventions in member countries with total funding exceeding US$8.3 billion in 1432H; and this is expected to increase given the huge demand especially from the MENA region”. He stated that “IDB is always looking at new ways of resource mobilization and plans to issue regular annual sukuk tranches ranging from US$500
million to US$1.5 billion under its Medium Term Note program by leveraging on the Bank’s ‘AAA’ rating and mobilizing funds on reasonable terms from the market for the benefit of our member countries”.

IDB is one of the few multilateral development financial institutions with the highest possible credit ratings (“AAA” with “Stable” Outlook) issued by the three leading international rating agencies - Standard & Poor's, Fitch and Moody’s. Moreover, IDB has been recognized as eligible for ‘Zero Risk-Weight’ by Basel Committee on Banking Supervision in 2004 and the European Union in May 2007.