The Islamic Development Bank’s “AAA” credit rating was affirmed with a “Stable Outlook” by S&P on November 21, 2019.
The ratings and the stable outlook reflect the intrinsic strengths of IsDB, in particular its excellent capitalization, excellent liquidity and funding position and strong asset performance. S&P recognized the Islamic Development Bank’s (IsDB) capitalization as being “higher than most similarly rated Multilateral Development Banks (MDBs)”.
The IsDB remains amongst the most highly-rated MDBs 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 role in development of the Islamic Finance Industry.
H.E. Dr. Bandar Hajjar, President of the IsDB Group, congratulated all member countries, IsDB Board Members and Staff for this important achievement. He renewed IsDB’s commitment to exert maximum efforts to realize the objectives of the 2020G Vision and the President’s Five-Year Plan (P5P) to enhance efficiency and effectiveness of the Bank’s activities.