Jeddah,27.7.2009: The Islamic Development Bank (IDB) has received "Aaa" long term and P-1 short Term foreign currency issuer rating with a “stable” outlook for the fourth consecutive year from Moody’s Investors Service. Moody’s, one of the most important rating agencies in the world, has reaffirmed that IDB's rating is strongly supported by the commitment of its member governments, and highlighted that the capital base of the Bank is strong, its operational assets continue to perform well, it enjoys a high level of liquidity and very low level of debt. Moody’s concluded that the Bank’s risk profile is likely to remain healthy over the medium term. IDB is one of the few multilateral development financial institutions rated by the three leading international rating agencies - Standard & Poor's, Fitch and Moody’s with the highest possible rating (Triple-A). Moreover, IDB has been recognized as eligible for ‘Zero Risk-Weight’ by Basel Committee on Banking Supervision in 2004 and the European Union in May 2007. IDB is an international financial institution established in 1975 with the purpose of fostering economic development and social progress of member countries and Muslim communities in non-member countries in accordance with the principles of Shari’ah (Islamic Law). Dr. Ahmad Mohamed Ali, President of the IDB Group, praised the strong and generous support of member countries and congratulated the staff of the IDB Group for this achievement. He also considered it as an opportunity for IDB to reaffirm its pledge and endeavor to further the achievements of this noble institution through adherence to the highest levels of professionalism, due diligence and prudent practices while conducting tasks with integrity and sincerity. He highlighted that during the past year, IDB continued its efforts to reform itself with a view to strengthening performance through a more appropriate organization structure, more competent managerial capabilities, and stronger governance. This will help achieve greater developmental impact in consonance with the 1440H Vision (Year 2020 Vision) with the ultimate goal of making IDB a customer and quality-focused organization.