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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Qatar Islamic Bank ratings affirmed

Posted on 29 March 2010

From Ameinfo.com: Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed Qatar Islamic Bank’s (QIB) long-term foreign currency rating of ‘A’, its short-term foreign currency rating of ‘A2′ and its financial strength rating of ‘A’. All ratings carry a ‘Stable’ outlook. At the same time CI affirms the support rating of 2.
QIB’s ratings reflect the recently demonstrated government financial support of the Qatari banking system (including support of QIB itself), which has enabled the Bank to maintain its solid capital adequacy and overall sound financial condition, along with its strong franchise and profitability……………………………….Full Article: Source

 
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