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Islamic Development Bank gets AAA/A-1+

Posted on 05 January 2010

From Cpifinancial.net: Standard & Poor’s Ratings Services said that it has affirmed its ‘AAA’ long-term and ‘A-1+’ short-term credit ratings on the Islamic Development Bank. The outlook is stable.

“The ratings on the Islamic Development Bank (ISDB) are supported by its very strong capitalisation, strong liquidity, a good asset portfolio, and expected continued preferred-creditor treatment and other support from shareholders,” said Standard & Poor’s credit analyst Farouk Soussa………………………………….Full Article: Source

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