Commercial Bank’s Ratings Affirmed with a Stable Outlook

Ref: QA00222 CRA00- 0 1 9 March 20 2 3

Commercial Bank’s 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 Commercial Bank (CBQ) at ‘A-’ and ‘A1’, respectively . At the same time, CI Ratings has affirmed CBQ’s Bank Standalone Rating (BSR) of ‘bbb-’, Core Financial Strength (CFS) rating of ‘bb+’ , and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR remains Stable .

The Bank’s LT FCR 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 single largest ownership by the government through Q atar I nvestment A uthority and the government’s strong track record of support for Qatari banks. The government’s financial…