Fitch affirms Qatar National

Fitch Ratings said it affirmed Qatar National Bank's long-term issuer default rating at A+ and viability rating at A.

The outlook is stable.

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

The agency also said it considered the authorities' strong track record of support for the domestic banking system.

The ratings also consider the bank's strong financial metrics, specifically its revenue generation capability, robust profitability, low non-performing loans ratio and solid liquidity and capital position, Fitch said.

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