In a report issued today 29 September 2011, Standard & Poor’s affirmed for the 10th consecutive year its ‘AAA’ long-term and ‘A-1+’ short-term credit ratings of the Islamic Development Bank (IDB) with a Stable Outlook.
Standard & Poor’s stated that the IDB’s ratings are underpinned by strong shareholders’ support, very high level of capital and liquidity and a good asset portfolio with preferred-creditor treatment and historically very low losses……………………………………….Full Article: Source