IsDB’s Aaa Rating Affirmed by Moody’s; Outlook Stable

July 16, 2020

Moody’s Investors Service (Moody’s) has affirmed Islamic Development Bank (IsDB)’s Aaa issuer rating, with a Stable Outlook. Meanwhile, the IsDB’s short-term issuer rating was affirmed at Prime-1 by Moody’s.

According to Moody’s, the Aaa rating is reflective of IsDB’s robust risk profile over the medium-term, which is supported by a sound liquidity position, a strong capital base, shareholders resilient capacity to support, as well as a low – albeit rising – leverage ratio. Furthermore, the ratings agency added that IsDB’s market access was promising, being one of the top-rated Shariah-compliant issuers in the Islamic finance sector.