Fitch affirms Islamic Development Bank

Fitch Ratings said it affirmed the Islamic Development Bank's long-term issuer default rating at AAA and short-term issuer default rating at F1+.

The outlook is stable.

The ratings are based on the strong support the bank derives from its shareholders, limited recourse to leverage and its established track record in terms of asset quality, Fitch said.

The bank benefits from the strong support of its 56 member countries, all members of the organization of the Islamic Conference, the agency said.

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