QNB Finansbank’s Ratings Affirmed with a Stable Outlook
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QNB Finansbank’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 QNB Finansbank (QNBF) at ‘B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed QNBF ’s Bank Standalone Rating ( BSR ) of ‘b’. The Outlook for the LT FCR and BSR is Stable.
QNBF’s BSR is derived from a Core Financial Strength ( CFS ) rating of ‘bb-’, reflecting the Bank’s moderate intrinsic financial, operational and business strength, and an Operating Environment Risk Anchor ( OPERA ) of ‘b’, indicating significant risk. The latter is a fundamental constraining factor for the ratings of all Turkish banks. The operating environment remains highly challenging due to high external liquidity risks given low external…