Qatar International Islamic Bank (QIIB) has announced that Moody's Investors Service has upgraded its long term and short term issuer rating to A2 from A3, and changed the outlook on the bank's long term ratings to stable.
QIIB Chairman of the Board of Directors and Managing Director HE Sheikh Dr. Khalid bin Thani bin Abdullah Al-Thani said that QIIB was proud to be an active participant in the renaissance of the national economy. "Our success, which has again been endorsed through Moody’s upgrade of our ratings, is very much part of the overall success achieved by the Qatari economy in various fields," His Excellency added.
The Chairman added that it was the efforts of the bank's management and its employees that facilitated the upgrade of the bank's credit ratings. His Excellency added that the credit rating increase will create a solid basis for the bank's expansion.