Standard & Poor’s Reaffirms Its ‘Stable’ Outlook Rating
of Qatar Commercial Bank at ‘A-2’ for Short Term; ‘BBB+’ for Long Term
02 July
2020
Standard & Poor’s, the international credit rating agency, has
reaffirmed its ‘Stable’ outlook rating of Qatar Commercial Bank at ‘A-2’
for short term and ‘BBB+’ for long term.
These stable ratings, as stated by the agency, reflects the
exceptional merits offered by the bank to its clientele base in the
State of Qatar, being the third biggest bank in the sector, and capable
to generate profit.
Mr. Joseph Abraham, Commercial Bank Group’s CEO said, “The
reaffirmation of the Bank’s Stable outlook rating reflects the
confidence of the international credit rating agencies in the Bank’s
indexes on ‘capital and liquidity’ adequacy levels.
It is worth-noting that Qatar Commercial Bank, QSE listed, enjoys
robust ratings by several international rating agencies. Besides the
long term outlook rating by S&P at BBB+, the Bank is rated at A by Fitch
and at A3 by Moody’s. The Bank’s outlook rating remain stable by all
credit rating agencies.