Qatar International Islamic Bank – Ratings Affirmed with a Stable Outlook

Ref: QA00 4 2 3 CRA00- 0 1 3 April 2024

Qatar International Islamic 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 S hort-Term Foreign Currency Rating (S T FCR ) of Qatar International Islamic Bank (QIIB) at ‘A+’ and ‘A1’ , respectively. At the same time, CI Ratings has affirmed QIIB’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 is 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 government’s strong track record of support for Qatari banks. At different points in time such support has included the…