Fitch Ratings-London/Paris-26 June 2012: Fitch Ratings has rated Islamic Development Bank’s (IDB) issuance of USD800m Trust Certificates due 26 June 2017 issued by IDB Trust Service Limited, under its USD6.5bn Trust Certificate Issuance Programme (TCIP) at ‘AAA’.
The TCIP benefits from a guarantee provided by the IDB; therefore, its rating is in line with IDB’s Long-Term Issuer Default Rating (IDR) of ‘AAA’ with a Stable Outlook………………………………………..Full Article: Source