QNB Finansbank’s Ratings Affirmed with a Stable Outlook
Content is restricted
Summary
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 C ore F inancial S trength (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 BSR reflects increased pressure on the Bank arising from the weaker operating environment.
While the likelihood of extraordinary support being made available by the Bank’s key shareholder, Qatar National Bank ( QNB; …