Ahli Bank Q.S.C. awarded debut rating by Moodys Investors Service
Ahli Bank Q.S.C. (Ahlibank) is delighted to announce that Moody's has designated an A2/Prime -1 deposit ratings and a baa3 baseline credit evaluation.
Moody's Investors Service has designated long- and short-term, local- and foreign currency deposit scores of A2/Prime -1 to Ahlibank and a Baseline Credit Assessment (BCA) of baa3. The long-lasting deposit scores bring a steady outlook. Moody's has actually also appointed 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 happy to receive this score from Moody's, reflecting Ahlibank's strong efficiency, which is underpinned by strong Risk and Capital Management disciplines. We are happy of this rating as it shows another noteworthy turning point 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 included: "The Moody's rating is a great vote of self-confidence and complements the rating awarded by Fitch Ratings".
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