| Fitch Ratings has affirmed the Islamic Development Bank’s (IDB) Long-term Issuer Default Rating (IDR) at ‘AAA’ with a Stable Outlook and Short-term IDR at ‘F1+’.
The ratings primarily reflect IDB’s strong capitalization. The bank is one of the most highly capitalized multilateral development banks (MDBs) rated by Fitch. The equity to assets ratio has remained above 65 percent since inception (70.7 percent at end-1431H (corresponding to Dec. 6, 2010)...............................................Full Article: Source |