Moody’s Completes Periodic Review of Ratings of Islamic Development Bank and Related Entities

Moody’s Investor Service (Moody’s) has announced the completion of periodic reviews of ratings of the Islamic Development Bank (IsDB), as well as two of IsDB’s members including the International Islamic Trade Finance Corporation (ITFC) and the Islamic Corporation for the Development of the Private Sector (ICD), according to recent statements.

According to Moody’s, the credit profile of IsDB, which is rated Aaa, is supported by its ‘a3’ capital adequacy based on low levels of non-performing assets and low leverage, as well as its ‘aa1’ liquidity and funding score based on large liquid assets and robust funding structure, given IsDB’s status of issuing highly rated Sukuk.

Meanwhile, Moody’s stated that the I...