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Moody's confirms stable outlook for Islamic trade finance
2017/11/09 15:32
(Encyclopedia of this Day News | Iraq News ) - Direct: classified agency Moody 's credit ratings, the International Islamic Trade Finance Corporation, a member of the Islamic Development Bank, for the first time on a rating of investment grade A1 for its long and classification of investment P-1 short term.
The agency said in a research note on Thursday that it gives its rating to the institution with a stable outlook.
Moody's attributed Moody's rating to the strong performance of the Islamic International Corporation, reflecting the credit profiles of trade finance.
The agency benefits from large capital margins, balances high concentration levels and a record of old assets with no performance, with a high probability of future recovery, the agency said.
The MFI benefits from investment in accordance with sound financial practices and adequate liquidity management policies, as well as strong implicit support from members without requiring callable capital, the agency said.
Moody's predicted that extrabudgetary borrowing would remain under containment, the possibility of new assets being virtually non-performing, as well as the recovery or write-off of impaired old assets.
The ITFC is an independent entity of the IDB Group established to advance trade;
The Foundation also assists businesses in Member States to better access trade finance and provide them with the appropriate tools for the development of trade-related strategic goods, thereby strengthening the competitiveness of the global market successfully.
https://hathalyoum.net/articles/1405742-%D9%85%D9%88%D8%AF%D9%8A%D8%B2-%D8%AA%D8%A4%D9%83%D8%AF-%D8%A7%D9%84%D9%86%D8%B8%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D8%B1%D8%A9-%D9%84%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A%D8%A9-%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-
The agency said in a research note on Thursday that it gives its rating to the institution with a stable outlook.
Moody's attributed Moody's rating to the strong performance of the Islamic International Corporation, reflecting the credit profiles of trade finance.
The agency benefits from large capital margins, balances high concentration levels and a record of old assets with no performance, with a high probability of future recovery, the agency said.
The MFI benefits from investment in accordance with sound financial practices and adequate liquidity management policies, as well as strong implicit support from members without requiring callable capital, the agency said.
Moody's predicted that extrabudgetary borrowing would remain under containment, the possibility of new assets being virtually non-performing, as well as the recovery or write-off of impaired old assets.
The ITFC is an independent entity of the IDB Group established to advance trade;
The Foundation also assists businesses in Member States to better access trade finance and provide them with the appropriate tools for the development of trade-related strategic goods, thereby strengthening the competitiveness of the global market successfully.
https://hathalyoum.net/articles/1405742-%D9%85%D9%88%D8%AF%D9%8A%D8%B2-%D8%AA%D8%A4%D9%83%D8%AF-%D8%A7%D9%84%D9%86%D8%B8%D8%B1%D8%A9-%D8%A7%D9%84%D9%85%D8%B3%D8%AA%D9%82%D8%B1%D8%A9-%D9%84%D9%84%D8%A5%D8%B3%D9%84%D8%A7%D9%85%D9%8A%D8%A9-%D9%84%D8%AA%D9%85%D9%88%D9%8A%D9%84-
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