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Moody’s rates Al Khalij Commercial Bank A3
Moody’s Investors Service said it assigned long-term foreign-currency and local-currency deposit ratings of A3 to Al Khalij Commercial Bank QSC, along with short-term foreign-currency and local-currency deposit ratings of prime-2 and a baseline credit assessment of Ba1.
The outlook is stable.
The rating reflects Qatar’s strong macro profile and the bank’s improved and solid asset quality, solid, although declining capitalization and strong liquidity position, Moody’s said.
These strengths are moderated by a very high reliance on market funding, high borrower and sector concentrations and challenges stemming from rapid growth, the agency said.
The bank’s relatively weak funding profile is partially mitigated by its stock of liquid assets, Moody’s said.
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