International Development Bank for Investment and Finance – Ratings Affirmed

Ref: IQ0 02 20 CRA00-1 2 6 May 2 02 1

International Development Bank for Investment and Finance – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed International Development Bank for Investment and Finance’s (IDB) L ong-Term Foreign Currency Rating (L T FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of ‘B-’ and ‘B’, respectively. The LT FCR Outlook is Stable. At the same time, CI Ratings has affirmed IDB ’s B ank S tandalone R ating (BSR) of ‘b-’ with a Stable Outlook, C ore F inancial Strength (CF S ) rating of ‘bb-’, and E xtraordinary S upport L evel (ESL) of Uncertain.

CI has also affirmed IDB’s Long- and Short-Term Ratings on the Iraq National Scale of ‘iqBBB+ ’ and ‘iqA2’, respectively, with a Stable Outlook. These are supported and constrained by the same factors as the CFS as outlined below.

The Bank’s BSR…