Fitch affirms Islamic Development Bank

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

The ratings primarily reflect the bank's strong capitalization, Fitch said.

The bank is one of the most highly capitalized multilateral development banks, the agency said.

It also maintains comfortable liquidity, Fitch said.

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