Moody’s affirms Qatari banks

Moody’s Investors Service said it affirmed the long-term deposit and issuer ratings of the 10 banks it rates in Qatar, as well as the senior unsecured and subordinated debt ratings of their affiliated entities.

The affected institutions are Qatar National Bank, Doha Bank QPSC, Al Khalij Commercial Bank (al khaliji) PQSC, Ahli Bank QSC, Barwa Bank QSC, International Bank of Qatar, Masraf Al Rayan, Qatar International Islamic Bank, Qatar Islamic Bank QPSC and Commercial Bank PSQC.

The agency said the actions reflect the resilience of the banks in their financial performance, despite the ongoing dispute between Qatar and a group of peer countries, including its fellow Gulf Cooperation Council neighbors.

“The banks have managed to maintain strong asset quality and capital buffers and their liquidity buffers remained solid,” Moody’s said in a news release.

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