S&P Reaffirms Qatar Islamic Bank’s Issuer Credit Rating at ‘A-/A-2’; Outlook Stable

S&P Global Ratings (S&P) has reaffirmed Qatar Islamic Bank’s (QIB) Issuer Credit Rating at ‘A-/A-2’, with a Stable Outlook, according to local media reports.

The ratings reflect S&P’s view of QIB’s strong corporate banking franchise, its relatively conservative management, as well as the bank’s position as the largest Islamic bank in Qatar.

Meanwhile, QIB’s Stable Outlook reflects S&P’s view that the bank’s financial profile will remain mostly stable over the ensuing 12 – 24 months, despite significant constraints on its operating environment.

S&P expects that QIB&...