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Islamic Finance Briefing - Categorized | Banking, Performance more

Rayan bank rated stable in Moody’s first

Posted on 13 August 2009

From Gulf-times.com: Masraf Al Rayan, which holds around 5% share in domestic banking assets and 25% in Shariah-compliant banking assets, has been rated for the first time by global credit rating agency Moody’s.
Moody’s assigned ‘A3’ long-term and ‘Prime-2’ short-term local and foreign currency issuer ratings as well as a ‘D+’ bank financial strength rating (BFSR) to Rayan, which has become one of Qatar’s most successful Islamic lender since its operations in 2006, according to the rating agency…………Full Article: Source

 
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