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Islamic Finance Briefing - Categorized | Banking more

IDB clinches Standard & Poor’s “stable outlook” ratings

Posted on 06 January 2010

From Menafn.com: The Islamic Development Bank (IDB) announced that Standard & Poor’s, one of the leading rating agencies in the world, has reaffirmed a “stable” outlook for the Bank granting it “AAA” long term and “A-1+” short term issuer ratings.

Standard & Poor’s stated that the IDB”s ratings are supported by very strong capitalization and liquidity, a good asset portfolio and preferred-creditor treatment and other shareholders” support…………………………………….Full Article: Source

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