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TEXT - S&P affirms Islamic Development Bank

Tue, 2013-01-15 18:13 — newsdesk

Standard & Poor's affirmed the rating of the Islamic Development Bank at 'AAA/A-1+'. The stand-alone credit profile of the bank is 'aaa', which is a reflection of the rating agency's assessment of the bank's "very strong" business profile and "extremely strong" financial profile. The outlook is said to be stable. According to expectations, IsDB will continue and maintain its strong credit metrics.

Source: 

http://www.reuters.com/article/2013/01/14/idUSWNB002DA20130114