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CI affirms QNB's 'AA-' ratings
- Qatar: Wednesday, March 13 - 2013 at 02:30
The Financial Strength Rating of Qatar National Bank (QNB) has been affirmed at 'AA-' by Capital Intelligence (CI), the Peninsula has reported. The Long- and Short-Term Foreign Currency (FC) Ratings are also affirmed at 'AA-' and 'A1+', respectively, at the same level as the Sovereign Ratings for Qatar, said CI. The affirmation reflects the bank's very strong credit metrics, its dominant franchise in Qatar, its growing international presence in Mena and Asia, as well as the robust and supportive operating environment in Qatar, the rating agency said.
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