Islamic Developmetn Bank
IDB's 'AAA' credit rating affirmed
Mon, 2010-08-30 15:59 — newsdeskStandard & Poor's assigned 'AAA' rating to Islamic Development Bank (IDB) $3.5 billion trust certificate issuance program. Standard & Poor's said the IDB's ratings are underpinned by strong shareholders' support, very high level of capital and liquidity and a good asset portfolio with historically very low losses and preferred-creditor treatment.
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