Mubasher: Moody's Investors Service, has today affirmed the long term Aa3 issuer rating of Arab Petroleum Investments Corporation (APICORP), the multilateral development bank (MDB) owned by the member states of the Organization of Arab Petroleum Exporting Countries (OAPEC). The stable outlook is maintained.

APICORP's short-term issuer rating has also been affirmed at Prime-1. In the same rating action, Moody's has also affirmed the senior unsecured rating of APICORP Sukuk Limited at Aa3 and the senior unsecured MTN rating at (P)Aa3.

The affirmation of APICORP's Aa3 rating and stable outlook reflect Moody's view that the increase in APICORP's callable capital in 2016 and improvements in the Corporation's asset and liability maturity mismatch support its credit profile, offsetting the potential risks stemming from a challenging operating environment, exposure to a tightening in liquidity conditions and a potential weakening in its shareholders' sovereign credit profiles.