The Foundation for International Trust Classification House (FITCH) has upgraded Saudi Arabia's Sovereign Credit classification from A to A+ and its Credit Ceiling two points higher to AA-, a move seen by Saudi Arabian Monetary Fund's governor Hamad Alsayyari as a certificate for the firmness of the Kingdom's economy and the credibility of its reformist economic policies by the government of the Custodian of the Two Holy Mosques. In a statement on the occasion, Alsayyari said that this achievement further supports the Kingdom's reputation as an area attractive to foreign investors. Buoyed by political stability, financial momentum and rational economic policy, the Kingdom deserves this prestigious recognition by an international independent and renowned body, Alsayyari was quoted as saying. He said such classification would work to facilitate the job of Saudi companies seeking foreign investments and obtaining low-cost domestic and external financing. This high level degree scored by the Kingdom's economy is once again an evidence of the great confidence bestowed on its wise leadership and policy, he concluded.