IsDB «AAA» Rating reaffirmed by Fitch Ratings

Jeddah, Kingdom of Saudi Arabia 16th May 2024: The Islamic Development Bank’s “AAA” credit rating was affirmed with a “Stable Outlook” by Fitch Ratings on May 15, 2024. The trust certificates issued by IDB Trust Services Ltd and IsDB Trust Services No. 2 SARL have also been affirmed at ‘AAA’

The ratings and the stable outlook reflect the Bank’s intrinsic strengths; particularly its excellent capitalization, boosted by the ongoing capital payments under its 6th General Capital Increase (GCI-VI) and Special Capital Increase (SCI), in addition to its robust liquidity buffers which are characterized by high quality investment grade assets.

Key solvency and liquidity metrics remain well above the uppermost thresholds, commensurate with the Bank’s high creditworthiness as a AAA-rated institution.

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.

The Bank has been rated AAA by Fitch since 2007.

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