Moody's affirms 'Aaa' rating for IDB
Moody's Investors Service reaffirmed Islamic Development Bank for the sixth consecutive year "Aaa" long-term and P-1 short-term foreign currency issuer rating with a "stable" outlook.
In Moody's oppinion, IDB reflects the presence of strong shareholder support, a high level of liquidity, the tested preferred creditor status and a low level of debt partly because of the Islamic (asset-backed) nature of its operations that makes it unique among MDB's.
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