Doha – Mubasher: Moody's Investors Service has affirmed the “Aa3” long-term deposit rating of Qatar National Bank (QNB), and changed its outlook from “Negative” to “Stable”.
Additionally, it downgraded the bank's long-term counterparty risk assessment (CRA) from “Aa2(cr)” to “Aa3(cr)”.
The ratings and rating inputs which are not impacted the change in ratings and outlook are Qatar National Bank's “baa1” baseline credit assessment (BCA), “baa1” adjusted BCA, “Prime-1” short-term deposit ratings, and QNB Finance Ltd “(P)A2” backed subordinate MTN rating.
