Moody’s Affirms A2/Prime-1 Rating of Qatar International Islamic Bank; Stable Outlook

Moody’s Investor Services (Moody’s) has reconfirmed Qatar International Islamic Bank’s (QIIB) long-term credit rating at A2, with a Stable Outlook, affirming the bank’s robust financial position.

Rating Rationale

The rating reflects the strength and robustness of Qatar’s economy, which is rated Aa3/Stable. According to Moody’s Credit Opinion Report on QIIB, the bank has solid asset quality, driven by an adjusted non-performing financing ratio of 1.5% as of December 2020, compared to a 2.0% average for Qatari banks. The bank’s asset quality is also supported by exposures to the Qatari government, and its strength in the retail segment, making up 9.2% of total retail lending in Qatar as of December 2020, which s...