KUWAIT: Ahli Bank QSC (Ahlibank) is delighted to announce that Moody’s has assigned an A2/Prime-1 deposit ratings and a baa3 baseline credit assessment.
Moody’s Investors Service has assigned long- and short-term, local- and foreign currency deposit ratings of A2/Prime-1 to Ahlibank and a Baseline Credit Assessment (BCA) of baa3. The long-term deposit ratings carry a stable outlook. Moody’s has also assigned Counterparty Risk Assessments (CR Assessments) of A1(cr)/Prime-1(cr).
Sheikh Faisal Bin AbdulAziz Bin Jassem Al-Thani, the Chairman and Managing Director of Ahlibank stated: “We are delighted to receive this rating from Moody’s, reflecting Ahlibank’s strong performance, which is underpinned by strong Risk and Capital Management disciplines. The Bank is well capitalised and has solid asset quality – reflecting a low level risk model. We believe that the continued support of our shareholders and the local community underpins our continued growth within the context of the Qatar growth story. We are proud of this rating as it reflects another notable milestone in the history of Ahlibank, and which positons the Bank as a top-tier, top-of-mind bank locally and a well-established and trustworthy bank internationally”.
Sheikh Faisal added: “The Moody’s rating is a great vote of confidence and complements the rating awarded by Fitch Ratings”.
Ahli Bank QSC is a Qatari-owned financial institution that serves individual consumers, small businesses and corporate customers with a range of Corporate Banking, Treasury & Investments, Retail Banking, International Banking, Private Banking and Brokerage Services. Ahli Bank QSC aims to deliver unmatched convenience and personal, simple banking experiences that highlight its tagline, “With You”.
Founded in 1983, Ahli Bank QSC has grown its client base rapidly, and boasts an integrated network of 16 branches in Qatar.
The Bank has a credit rating of (A2) from Moody’s, (A+) from Fitch Ratings and (A) from Capital Intelligence and is listed on the Qatar Exchange (ABQK). More information can be found on the bank’s website, ahlibank.com.qa