Ahli Bank awarded debut rating by Moody's investor services
OREANDA-NEWS. Ahli Bank (Ahlibank) is delighted to announce that Moody’s have assigned an A2/Prime-1 deposit ratings and a baa3 baseline credit assessment.
Moody’s Investor’s 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 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 investment rating awarded by Fitch Ratings”.