S&P rates Doha Bank Assurance BBB

Standard & Poor's said it assigned the BBB counterparty credit and insurer financial strength ratings to Doha Bank Assurance Co. LLC.

The outlook is stable.

The ratings reflect the company's strategic importance to its parent, Doha Bank, strong capitalization and strong liquidity, S&P said.

These positive factors are partially offset by the company's marginal competitive position, which is still emerging as it is a newly established company, the agency said, and the fact that it is restricted to the limited size of the Qatari market.

These positive factors are partially offset by the inherent execution risks of developing a new business with rapid and ambitious growth plans, S&P said.

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