Fitch affirms Commercial Bank’s rating at ‘A’ with stable outlook ...Qatar

Fitch Ratings has affirmed Commercial Bank’s long-term issuer default rating at ‘A’ with a stable outlook. The rating stems from the strong ability of the Government of Qatar to support its banks, and reflects Fitch’s “expectation of an extremely high probability of support from the Qatari authorities for domestic banks in case of need.” According to Fitch, Commercial Bank has succeeded in executing its turnaround strategy that began in 2016 by strengthening its core capitalisation; reducing its concentration in real estate and contracting and increasing government and public sector exposure; improving operational efficiency; and strengthening risk controls and oversight of international op

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Fitch affirms Commercial Bank’s rating at ‘A’ with stable outlook ...Qatar

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