Qatar International Islamic Bank ’s Ratings Affirmed W ith a Stable Outlook
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Ref: QA 00420CRA00-01 23 Ma rch 20 2 1
Qatar International Islamic Bank ’s Ratings Affirmed W ith 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 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 two notches above the BSR to reflect the high likelihood of official extraordinary …