Fitch affirms QIB's rating as 'A'
Fitch Ratings has affirmed Qatar Islamic Bank's (QIB) ratings as Long-term Issuer Default (IDR) 'A' with Stable Outlook, Short-term IDR 'F1,' Individual 'C,' Support '1' and Support Rating Floor 'A.'
The Individual Rating (or stand-alone strength) reflects QIB's position as the leading Islamic franchise with a nearly 50 percent share of Islamic assets and a nine percent overall market share of system assets, in addition to the Bank's high earnings power from core banking and healthy capital ratios.
Syndicate
