Moody’s affirms Aaa rating for IFFIm; outlook stable

Moody’s affirms Aaa rating for IFFIm; outlook stable
Excerpt by Editor
Moody’s Investors Service affirmed the Aaa long-term issuer rating and P-1 short-term issuer rating of the International Finance Facility for Immunisation (IFFIm). The outlook remains stable.
The key drivers of the affirmation are: 1) the legal framework mandating adherence to IFFIm’s risk-management policies, namely its gearing ratio limit and liquidity policy, which provide a cushion against deterioration in the credit quality of its sovereign donors and is managed by the International Bank for Reconstruction and Development; and 2) the demonstrated continuing support for IFFIm and its charitable mandate by its sovereign donors‚Ķ
New York, June 06, 2012