Middle East Economic Survey

VOL. LII

No 47

23-Nov-2009

QATAR

Fitch Affirms QIBs Long-Term Rating With Stable Outlook

Fitch Ratings affirmed on 16 November its rating on Qatar Islamic Bank (QIB) at long-term Issuer Default (IDR) A with stable outlook, short-term IDR F1, Individual C and Support 1. Fitch has also affirmed the Support Rating Floor at A. The agency maintained that the banks IDRs and support rating reflect the extremely high probability of support from the Qatari authorities, if needed....