Jeddah, 23.10.2014: The reaffirmation of the “Aaa” credit rating of the Islamic Development Bank (‘IsDB’) by Moody’s reflects its assessment of the Bank’s strong shareholder support and preferred creditor status, strong capital base and prudent financial and risk management policies, and solid liquidity levels.

Moody’s also highlighted that IsDB is more strongly capitalized than other MDBs, with a lower leverage level, a key support to its Aaa standing. The “Stable” outlook reflects Moody’s assessment that the downward pressure on the “Aaa” ratings is highly unlikely.

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 important achievement. He renewed IsDB’s pledge to further the goals of this noble institution and affirmed its commitment to continue its Reform efforts in order to realize the objectives of the 2020G Vision and aspirations of its constituents.