Fitch Affirms 9 Qatari Banks' VRs; Removes Rating Watch Negative

Fitch Affirms 9 Qatari Banks' VRs; Removes Rating Watch Negative:

"Fitch Ratings has affirmed nine Qatari banks' Viability Ratings (VRs): Qatar National Bank (Q.P.S.C.) (QNB), The Commercial Bank (P.S.Q.C.) (CBQ), Doha Bank (DB), Qatar Islamic Bank (S.A.Q) (QIB), Al Khalij Commercial Bank P.Q.S.C. (AKB), Qatar International Islamic Bank (QIIB), Ahli Bank Q.S.C. (ABQ), International Bank of Qatar (Q.S.C.) (IBQ) and Barwa Bank Q.S.C. (Barwa), and removed the VRs from Rating Watch Negative (RWN). The banks' other ratings are unaffected by this rating action. Fitch placed all nine Qatari banks' ratings on RWN following a similar action on the Qatari sovereign in June 2017 to reflect the heightened risks from the decision of Saudi Arabia, the United Arab Emirates (UAE), Bahrain, Egypt and some other Arab countries to sever diplomatic and logistical ties with Qatar. "



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