Moody’s affirms QIIB rating at A2 with stable outlook ...Qatar

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Moody’s affirms QIIB rating at A2 with stable outlook
Global credit rating agency Moody’s has affirmed QIIB’s rating at “A2” with a “stable” outlook; indicating the strength of its financial position amid various market factors and challenges during the past period. The rating agency highlighted QIIB’s solid asset quality, capitalisation and profitability; resilient funding profile, underpinned by a solid retail-focused franchise; and very high probability of government support in case of need. “One of the key factors for affirming QIIB at this remarkable level is the strength of Qatar’s economy, which provides protection and support for the state’s different economic sectors, particularly the banking sector,” said QIIB chief executive Dr Abdu

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