Business
Fitch affirms Commercial Bank’s rating at “A” with a stable outlook
July 02, 2024 | 03:02 PM
Fitch Ratings has affirmed Commercial Bank's Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook. Fitch has also affirmed the Bank's Viability Rating (VR) at 'bb+'.The rating reflects potential support from the Qatari authorities as reflected in its Government Support Rating of 'a'. The Stable Outlook reflects that on the Qatari sovereign rating (AA/Stable).According to Fitch, Commercial Bank’s successful rating drivers are driven by:
- Stable Domestic Operating Environment.
- Strong Domestic Franchise.
- Improving Profitability.
July 02, 2024 | 03:02 PM