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 are underpinned by strong intrinsic features, primarily by excellent capitalization, Fitch said.

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

Credit risk is moderate, Fitch added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.