Moody’s Affirms the International Islamic Trade Finance Corporation's A1 Long-term Foreign-currency Issuer Rating; Stable Outlook

Moody’s Investors Service (Moody’s) has affirmed the International Islamic Trade Finance Corporation's (ITFC) long-term foreign-currency issuer rating at A1, with a Stable Outlook. Concurrently, ITFC’s short-term foreign-currency issuer rating has also been affirmed at Prime-1.

Ratings Rationale

The affirmed rating reflects ITFC’s robust capital position, which is almost entirely funded by equity operations, which balances the corporation’s very low leverage against its weak asset quality and weak, yet improving, asset performance. ITFC’s robust liquidity position and short track record of accessing market financing also support the affirmation. ITFC’s membership in the Islamic Development Bank (IsDB; rat...