Middle East Economic Survey
Moodys Upgrades QNBs Financial Strength Rating To C-
Moodys has upgraded Qatar National Banks (QNBs) financial strength rating (FSR) to C- stable outlook from D+. The A3/Prime-2 foreign currency deposit ratings and their outlooks were left unchanged. The upgrade reflects QNBs dominant position within the domestic banking system and Qatars difficult but improving operating conditions. QNBs 50%-state ownership guarantees...