Moody's confirms his rating for "Islamic Development" at Aaa with a stable outlook

Mubasher: Moody's Investors Services confirmed the classification of the Islamic Development Bank to Aaa with a stable outlook.

In a report received by Mubasher, he also confirmed a short-term classification of the Islamic Development Bank at Prime-1 .

The evaluation and expectations of the Islamic Development Bank were confirmed by two special goals for the issuance of sukuk, Tadamun Berhad Services and IDB Trust Services Limited Aaa ] With a stable perspective.

Moody's emphasized the importance accorded to the unsecured local classification of Tadamun Berhad Services in Aaa .

The confirmation of ISDB and its stable outlook on Moody's outlook confirm that the risk profile of Islamic Bank will remain very strong in the medium term, supported by a capital adequacy Balance and balance of capital due.

Moody's stated that despite the relatively low credit quality of the loan portfolio and the challenging operating environment, unproductive loans are still very low.

She added that the bank's liquidity is in a strong position and that market access is favorable given the emergence of the Islamic Development Bank as one of the main Sharia-compliant transmitters in the Islamic world. (19659002)