Qatar Islamic Bank’s A1 Rating Affirmed by Moody’s, Outlook Stable
June 09, 2020
Email Moody’s Investors Service (Moody’s) has affirmed Qatar Islamic Bank’s long-term deposit rating at A1, with a Stable Outlook.
According to Moody’s, the rating is reflective of QIB’s sufficient capital buffers, good profitability, sound liquidity, together with its limited reliance on market funding, due to its successful, growing corporate and retail Islamic banking franchise.
The rating affirmation also incorporates QIB’s access to support from the Government of Qatar if needed. This is based on QIB’s designation as a domestic systematically important bank by the Qatar Central Bank, given its importance to the domestic financial system.
