Abu Dhabi / Emirates Business
Ahli Bank Q.S.C. (Ahlibank) announced that Moody’s has assigned it 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 Abdul Aziz 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
Sheikh Faisal added: “The Moody’s rating is a great vote of confidence and complements the rating awarded by Fitch Ratings.”