Moody’s and Fitch assign IBQ investment grade status

International Bank of Qatar (ibq) has received investment grade credit ratings of “A2” and “A+” assigned by Moody’s and Fitch respectively. Moody’s and Fitch Ratings are internationally recognised ratings agencies, providing independent financial research on global financial institutions.

Muhannad Kamal, Deputy CEO of ibq said: “We are delighted to receive affirmation from Moody’s and Fitch of our A2 and A+ ratings, assigned to ibq for the first time. This has been achieved through our strong corporate governance culture and a balanced approach to risk and reward in what is an increasingly competitive industry. Being awarded such high credit ratings will allow ibq to continue to build on its already established reputation for financial stability and strong underlying financial performance. It will give our customers and counterparties even greater confidence and allow us to tap into further opportunities for growth in international markets.”

Muhannad Kamal further added: “That leading independent international rating agencies Moody’s and Fitch have both recognised ibq’s strong financial position is extremely satisfying. We see this as a ringing endorsement of ibq’s prudent strategy and future potential and would not have been possible without the hard work and dedication of our employees.”