Ahli Bank – Ratings Affirmed with a Stable Outlook

Ref: QA00122CRA00-01 9 March 2023

Ahli Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Ahli bank Q.P.S.C. (ABQ) at ‘A+’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed ABQ’s Bank Standalone Rating (BSR) of ‘bbb+’, Core Financial Strength (CFS) rating of ‘bbb+’ and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Stable.

The Bank ’s LT FCR was upgraded by on e notch to ‘A+’ in February 2023 , following a similar action on Qatar’s sovereign ratings in the same month, and is set three notches above the BSR to reflect the high likelihood of official extraordinary support in case of need. This is based on the government’s strong track record of supporting Qatari banks. At…