International Development Bank – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of International Development Bank for Investment and Finance (IDB or the Bank) at ‘B-’ and ‘B’, respectively. The LT FCR Outlook is Stable. At the same time, CI Ratings has affirmed IDB’s Bank Standalone Rating (BSR) of ‘b-’ with a Stable Outlook, Core Financial Strength (CFS) rating of ‘bb-’ and Extraordinary Support Level (ESL) of Uncertain.

CI has also affirmed IDB’s Long- and Short-Term Ratings on the Iraq National Scale at ‘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 is derived from a CFS rating of ‘bb-’ and the constraints imposed by the Operating Environment Risk Anchor (OPERA) of ‘c+’. The latter is at a level indicative of a high degree of…