Fitch affirms Doha Bank rating at ‘A’, with stable outlook ...Qatar

Fitch Ratings has affirmed the Doha Bank’s IDRs, Support Rating (SR), and Support Rating Floor (SRF) with Stable Outlook, reflecting Fitch’s expectation of an extremely high probability of support from the Qatari authorities for domestic banks in case of need. This reflects the strong ability of Qatar to support its banks, as indicated by its rating (AA-/Stable), combined with Fitch’s belief of a strong willingness to support the banking sector and the bank. The government and Qatar Central Bank have extended a QR75bn stimulus package (10% of GDP), which includes a zero-cost QR50bn repo facility for banks to provide credit extensions of both principal and interest to borrowers affected by

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Fitch affirms Doha Bank rating at ‘A’, with stable outlook ...Qatar

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