Moody’s Affirms Long-Term Credit Rating of Barwa Bank; Outlook Stable
July 29, 2020
Email In a press release issued on its website, Qatar’s Barwa Bank announced the affirmation of its long-term credit rating at A2/Prime-1 by Moody’s, with a Stable Outlook.
According to the press release, the investment-grade rating has been affirmed given the strength of Barwa Bank’s financial assets, as well as the quality of its operating margins. This reflects the achievement of milestones in Barwa Bank’s growth process and also highlights the uniqueness of its Shariah-compliant products and services portfolio.
The rating reflects the strength and robustness of the Qatar economy, along with the -independent credit, which shows strong financial assets.
