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Article: QATAR: DOHA BANK RATING.
- Article from:
- IPR Strategic Business Information Database
- Article date:
- August 30, 2006
CopyrightCOPYRIGHT 2006 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Moody's Investors Service has upgraded Doha Bank's Foreign Currency Deposit Ratings to A2/P-1, from A3/P-2, and its financial strength rating (FSR) to D+ from D with a positive outlook. All of the bank's ratings now carry a stable outlook. Moody's FSR upgrade recognises Doha Bank's improved financial fundamentals, a direct consequence of the ongoing improvements in the domestic operating environment and the bank's strengthened franchise. In the past, the bank was primarily active in corporate banking and trade finance; however, over recent years it has revised its strategy and increased its focus on retail banking where growth potential is strong and margins remain high ...