Moody's affirms Masraf Al Rayan's issuer ratings: changed outlook to positive from stable
Moody's Investors Service has affirmed Masraf Al Rayan's (MAR) A2/Prime-1 issuer ratings and baa3 baseline credit assessment (BCA) and adjusted BCA. At the same time, Moody's changed the outlook on the bank's long term issuer ratings to positive from stable. Moody's affirmation reflects MAR's continued strong core financial fundamentals with (1) consistently strong asset quality performance, (2) strong and stable profitability and (3) solid capital buffers. The change in the outlook to positive from stable reflects the ongoing improvements in MAR's business and geographic diversification. Further underpinning Moody's view on the outlook is Qatar's considerable economic strength.
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