Jeddah, 31.08.2015 : Standard & Poor’s, one of the world’s leading credit rating agencies reaffirmed the Islamic Development Bank’s (IDB) ‘AAA’ credit rating with a “Stable Outlook” for the 14th consecutive year. The ratings and the stable outlook are driven by the extremely strong financial and business profiles of the IDB.
IDB remains amongst the most highly-rated MDBs. It is expected that the ‘AAA’ rating will further enhance the Bank’s financial capacity to fulfil its development mandate and play a leading role in the development of the Islamic Finance Industry.
Dr. Ahmad Mohamed Ali, Chairman of the IDB Group, congratulated all member countries, IDB Board Members and the staff for this excellent achievement. He renewed IDB’s commitment to exert maximum efforts to realize the objectives of the 2020 Vision and aspirations of its member countries.
IDB is a Multilateral Development Bank established in 1973 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.
For further information, please visit IDB website www.isdb.org or send an email to : ratings@isdb.org