The Islamic Development Bank’s “AAA” credit rating was affirmed with a “Stable Outlook” by S&P on the 22^nd of December 2023. The short-term issuer rating was also affirmed at A-1+, highest  category on offer.  

The affirmation of the AAA rating reflects S&P’s view that the Bank will continue to preserve its extremely strong financial position, underpinned by robust capitalization and liquidity. This is further reinforced by the Bank’s ability to garner the support of its shareholders, as exhibited by the recently approved 6th General Capital Increase (GCI) and Special Capital Increase (SCI).

Other key rating drivers included the Bank’s relevance and policy importance, as a countercyclical lender tackling emerging challenges on food security, poverty and sustainable development, its strong portfolio diversification, in addition to the Preferred Creditor Treatment (PCT) it receives from MCs.

The IsDB remains amongst the most highly-rated Multilateral Development Banks (MDB) 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. In 2023 alone, it has issued multiple public and private Sukuk, which further reinforces its robust liquidity position.

The Bank has been rated AAA by S&P since 2002.

For further information, please visit our website www.isdb.org or contact us by email on ratings@isdb.org.