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Fitch affirms Qatar Islamic Bank at ‘A’; outlook stable

Posted on 17 November 2009

From Ameinfo.com: Fitch Ratings has today affirmed Qatar Islamic Bank’s (QIB) ratings at Long-term Issuer Default (IDR) ‘A’ with Stable Outlook, Short-term IDR ‘F1′, Individual ‘C’ and Support ‘1′. Fitch has also affirmed the Support Rating Floor at ‘A’.
QIB’s IDRs and Support Rating reflect the extremely high probability of support from the Qatari authorities, if needed; a view that has been reinforced by Qatar’s support measures since the beginning of 2009 for the local banks………………..Full Article: Source

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