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Fitch upgrades Ahli Bank.

Global Banking News-3 September 2008-Fitch upgrades Ahli Bank(C)2008 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 03 September 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Global ratings agency Fitch Ratings has upgraded Qatar-based Ahli Bank QAC.

Fitch Ratings has upgraded the bank's Long-term Issuer Default rating (IDR) to 'A-' from 'BBB+', its Support Rating to '1' from '2' and its Support Rating Floor to 'A-' from 'BBB+'. The Outlook for the Long-term IDR is Stable.

The rating reflects a view that the bank would receive financial support from the Qatari authorities, in case it is needed.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Sep 3, 2008
Words:125
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