13.04.2012 - S&P rates Qatar Islamic Bank 'A-/A-2'
We are assigning our 'A-/A-2' long- and short-term counterparty credit ratings to Qatar Islamic Bank (S.A.Q.) (QIB). Our ratings on QIB reflect our 'bbb' anchor for a commercial bank operating in the State of Qatar, and our view of the bank's adequate business position, strong capital and earnings, weak risk position, average funding, and adequate liquidity. The long-term rating also benefits from three notches of uplift, reflecting our view of the high likelihood of extraordinary government support for QIB if needed...............................................Full Article: Source
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