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Islamic Finance Briefing - Categorized | Banking more

IDB issuer ratings reaffirmed

Posted on 07 January 2010

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