VOL. XXXIX

No. 37

10-June-1996

Qatar

Moody's Rates Three Qatari Banks

Following the release of its assessments on Omani, UAE, Bahraini and Kuwaiti institutions, the US ratings agency Moody's Investor Services has issued ratings on three of the major Qatari banks. The agency puts the deposits of Qatar National Bank (QNB), Doha Bank and Commercial Bank of Qatar at non-investment grade and assesses the banks' financial strength on a stand-alone basis as 'D' or, in the case of Commercial...