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Fitch affirms Doha Bank ‘A’ rating
Fitch affirms Doha Bank ‘A’ rating
August 13, 2011 | 12:00 AM
Doha Bank has announced international rating agency Fitch has affirmed its long-term Issuer Default Rating at ‘A’ with a stable outlook. Fitch said Doha Bank has shown robust earnings, despite a slowdown in the domestic credit environment, mainly due to lower interest rates, which have reduced funding costs. “We are very pleased that Fitch Ratings continues to recognise the strong performance of Doha Bank and that our rating remains unchanged despite volatility prevailing in international markets”, Doha Bank Group CEO R Seetharaman said.
August 13, 2011 | 12:00 AM