Wednesday 06, January 2010 by

Moody's confirms Aa3 rating of ICIEC

Moody's has noted that ICIEC's rating reflects both the stand-alone fundamentals as well as potential support from its shareholders/IDB Group member countries. Thus, despite the absence of explicit guarantees, in the context of its key role as facilitator of trade among Islamic Countries, ICIEC's rating reflects the strong ability and potentially high willingness of its main ultimate shareholders, and in particular Saudi Arabia and other GCC countries, to support the company in times of financial distress.

Features & Analyses

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