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Fitch affirms Qatar International Islamic Bank at ‘A-’; Outlook Stable

Posted on 11 May 2012

Fitch Ratings has affirmed Qatar International Islamic Bank’s (QIIB) Long-term Issuer Default Rating (IDR) at ‘A-’ with a Stable Outlook. QIIB’s IDRs are support-driven and reflect Fitch’s opinion of an extremely high probability of support from the Qatari authorities if required.
Support from the Qatar government for QIIB and the domestic banking sector has been clearly demonstrated in the recent past including significant capital injections and the purchase of equities and loan portfolios since 2008, following the global financial crisis……………………………………….Full Article: Source

 
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