Fitch affirms Qatar Islamic Bank

Fitch Ratings said it affirmed Qatar Islamic Bank's long-term issuer default rating of A and short-term issuer default rating of F1.

The outlook is stable.

The ratings reflect the extremely high probability of support from the Qatari authorities, if needed, Fitch said.

The stable outlook reflects the opinion that Qatar's credit fundamentals remain strong despite the global and regional downturn, the agency said, adding that asset quality is a main concern for all Qatari banks.

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