Qatar National Bank ’s Ratings Affirmed with a Stable Outlook
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Ref: QA 006 20CRA00- 01 13 April 20 2 1
Qatar National 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 Qatar National Bank (Q N B) at ‘A A- ’ and ‘A1 + ’ respectively. At the same time, CI Ratings has affirmed Q N B’s Bank Standalone Rating (BSR) of ‘ a- ’, Core Financial Strength (CFS) rating of ‘ a- ’ and Extraordinary Support Level (ESL) of Very 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 very high likelihood of extraordinary support from the government in case of need. This is…