Fitch affirms Doha Bank’s IDR at ‘A’ with stable outlook

Fitch Ratings has affirmed Doha Bank’s (DB) Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. DB’s IDRs, Support Rating (SR) and Support Rating Floor (SRF) reflect Fitch’s expectation of an extremely high probability of support from the Qatari authorities for domestic banks in case of need. This reflects the strong ability of Qatar to support its banks, as indicated by its rating (AA-/Stable), combined with Fitch’s belief of a strong willingness to support the banking sector, including DB. (QNA)