IsDB «AAA» Rating reaffirmed by Moody’s

The Islamic Development Bank’s “AAA” credit rating was affirmed with a “Stable Outlook” by Moody’s on the 22nd of September 2023. The short-term issuer rating was also affirmed at Prime-1.

The affirmation of the AAA rating reflects Moody's view that the Bank’s risk profile will remain very strong over the medium-term, supported by low leverage, a very large buffer of liquid assets relative to expected net cash outflows, and a robust stock of callable capital that is more than twice the outstanding debt stock.

The stable outlook reflects Moody's expectation that the Bank’s leverage will remain contained, despite plans to grow its development-related portfolio, supported by the expected payments from the shareholders committed under the fourth and sixth general capital increases (GCI) over the next two decades.

Furthermore, risks to IsDB's asset quality are mitigated by a high level of portfolio diversification, the Bank's effective preferred creditor status, and its internal prudential policies.

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 Moody’s since 2006.

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