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Fitch rates Ahli Bank BBB+
Fitch Ratings said it assigned Ahli Bank QSC ratings of long-term issuer default BBB+, short-term issuer default F2 and individual C. The support rating is affirmed at 2 and a support rating floor of BBB+ is assigned. The outlook is stable.
The ratings reflect the high probability of support from the Qatari authorities, if needed, Fitch said. The ratings also reflect the bank's successful transformation implemented by Ahli United Bank BSC (A- with stable outlook), sound financial performance and improved asset quality profile, the agency said.
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