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Posted On: 26 April 2016 05:08 am
Updated On: 12 November 2020 01:56 pm

Fitch Ratings has affirmed Qatar Islamic Bank (QIB) IDR at 'A+'.

Reem Fakhri
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QIB building

Fitch Ratings has affirmed Qatar Islamic Bank (QIB) Long Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook and Viability Rating (VR) at ‘bbb’. QIB's rating reflects the Bank's established franchise in Qatar, its sound asset quality, solid funding and liquidity profile with a franchise that is more diversified than that of many peers. It also takes into account the bank's adequate profitability, and satisfactory capital and leverage ratios.

QIB’s latest Fitch Ratings are as follows: Short-Term IDR affirmed at ‘F1’, Support Rating affirmed at ‘1’, Support Rating Floor affirmed at ‘A+’; The QIB Sukuk Ltd’s Trust certificate issuance programme was also affirmed at ‘A+’ with its senior unsecured certificates affirmed at ‘A+’.