Jeddah, August 2, 2021, SPA -- Moody's Corporation, in its classification for International Financial Reporting Standards (IFRS), has granted Aa3 rank to the Islamic Corporation for the Insurance of Investment and Export Credit, member of the Islamic Development Bank, with a stable outlook for the 14th consecutive year. This reflects its role as a leading multilateral institution in the world to secure investments and export credit, provide insurance products, and re-insurance that complies with the Sharia. The classification also shows a big improvement in the financial status of the corporation and danger governance in light of the big support it receives from the Islamic Development Bank and from sovereign members in the Organization of Islamic Cooperation. -- SPA 10:01 LOCAL TIME 07:01 GMT 0007 www.spa.gov.sa/w1595327