Moody's issuer report on Islamic Development Bank (IsDB) has given an Aaa/Prime-1 issuer rating, with stable outlook, for the bank.

'The rating reflects the bank's ample capital base, high level of liquidity, low leverage and strong commitment from shareholders,' said Tristan Cooper, a Moody's vice president / senior analyst and author of the report.

Moody's additionally noted that the most risky, concessional portion of the bank's operational assets will gradually be transferred to a new poverty reduction fund that is financially separated from the bank -- resulting in increased profitability and an enhanced risk profile.- TradeArabia News Service