Capital Intelligence (CI), the international credit rating agency, announced today that it has affirmed Ahli Bank Qatar (ABQ)’s Financial Strength Rating (FSR) of ‘BBB’, on ‘Stable’ Outlook, on the basis of the recent increase in shareholders’ funds, sound asset quality, and good profitability.
The FSR is constrained by ongoing concentration risks, narrower than average interest differential, and the small Qatari banking market. The Bank’s Long and Short-Term Foreign Currency (FC) Ratings of ‘A-’ and ‘A2′, respectively, are affirmed based on the Qatari government’s demonstrated financial support for Qatari banks, and the ownership and management control by Ahli United Bank (AUB)………………………………………..Full Article: Source