Mubasher: Fitch Ratings had affirmed the long-term issuer default rating (IDR) of Qatar International Islamic Bank (QIIB) at ‘A’, with a stable outlook.
The international rating agency also affirmed the bank’s viability rating (VR) at 'bb+', according to the Qatar News Agency (QNA).
“QIIB's IDRs, Support Rating (SR), and Support Rating Floor (SRF) reflect Fitch's expectation of an extremely high probability of support from the Qatari authorities for domestic banks in case of need,” the bank added.
QIIB reported an 11% year-on-year profit increase for the fourth quarter of 2018, recording QAR 147 million.
