BAKU, Azerbaijan, July 19. Moody's has reaffirmed the Islamic Development Bank’s (IsDB) credit rating at “AAA” with a “Stable Outlook”, Trend reports.
The short-term issuer rating remains at Prime-1, the highest level.
The affirmation reflects Moody’s expectation that IsDB will maintain a robust capital position and strong asset performance, supported by its solid liquidity, low funding costs, and its prominent role as a consistent issuer of highly-rated benchmark-size sukuk in the global capital markets.
IsDB’s strong credit profile is further bolstered by member country support, evidenced by a series of general capital increases (GCIs) and a recent special capital increase (SCI). Consequently, IsDB’s leverage ratio is anticipated to stay well below the median for Aaa-rated multilateral development banks (MDBs).
Moody’s has rated IsDB ‘AAA’ since 2006.
IsDB is a multilateral development bank dedicated to enhancing the quality of life for those it serves by advancing social and economic development in member countries and Muslim communities globally, achieving significant impact.
The Bank’s activities are guided by five key pillars:
Fostering Partnerships: Facilitating collaboration between governments, the private sector, and civil society through Public-Private Partnerships (PPPs).
Enhancing Economies: Contributing to the economies and societies of developing countries by increasing skills and knowledge sharing.
Advancing Innovation: Addressing major development challenges with solutions driven by science, technology, and innovation, supported by enhanced connectivity, funding, and alignment with the UN’s Sustainable Development Goals.
Promoting Sustainable Finance: Leading in Islamic finance by advocating for Shariah-compliant, long-term sustainable, and ethical financing structures.
Encouraging Collaboration: Uniting member nations in a non-political environment to focus on the collective betterment of humanity.
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