Fitch upgrades Ahli Bank.
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.
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|Publication:||Global Banking News (GBN)|
|Date:||Sep 3, 2008|
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