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- Closing Bell: Saudi main index slips to close at 10,714
- Bahrain All Share Index closes higher
- Investment opportunities at core of Boursa Kuwait's participation in HSBC's GCC Exchanges Conference
- Oman's refinery output declines marginally by end of April
- GCC economic growth projected at 4.4% despite trade tensions
- S&P upgrades Alkhaleej Takaful Insurance credit rating to A-
- Fitch affirms Commercial Bank's rating at 'A' with stable outlook
- QIIB announces prize winners of Joud savings account May draw
- QR270 billion invested to operate over 1,000 factories in Qatar: MoCI
- KIB Invest plays key role in Boubyan's $3bn sukuk issuance
18/06/2025 04:00 AST
Fitch Ratings has affirmed Commercial Bank's Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook.
The agency has also affirmed the Bank's Viability Rating (VR) at 'bb+'.
The rating reflects potential support from the Qatari authorities as reflected in its Government Support Rating of 'a'. The Stable Outlook reflects that on the Qatari sovereign rating (AA/Stable).
According to Fitch, Commercial Bank's successful rating drivers are driven by a stable domestic operating environment, a strong domestic franchise; and improving profitability.
Joseph Abraham, Group Chief Executive Officer of Commercial Bank said: "We are pleased with the reaffirmation of our rating and stable outlook, which reflect our strong execution of our strategic focus, robust franchise, and resilience."
With Fitch's rating in place, Commercial Bank continues to enjoy strong credit ratings across all major agencies.
The Bank is rated A2 by Moody's and A- by Standard & Poor's. Both ratings with a Stable Outlook.
The Peninsula
16/06/2025
Commercial Bank, a leader in innovative digital financial solutions, has been recognised with 'Best Mobile Banking App - Qatar 2025' from the prestigious awarding body, International Finance.
The Peninsula
29/05/2025
Commercial Bank, a leader in innovative digital financial solutions, has been awarded with "Best Bank for SMEs" in Qatar by the prestigious Euromoney Awards for Excellence for the year 2025.
The Peninsula
21/05/2025
Commercial Bank has partnered with Qatar Airways Privilege Club to reward Commercial Bank customers with bonus Avios for international transfers made through the CBQ Mobile App and Internet Banking.
Gulf Times
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18/06/2025
The S&P Global Ratings has upgraded the long-term issuer credit and insurer financial strength ratings of Alkhaleej Takaful Insurance Company from BBB+ (positive) to A-, with a stable outlook.
QNA
18/06/2025
QIIB has announced the 10 lucky winners of the monthly prizes for its 'Joud' savings account, a unique product that offers customers opportunities to win a variety of cash prizes throughout the year,
The Peninsula
18/06/2025
Kuwait International Bank (KIB) Group has announced that its investment arm, KIB Invest, played a key role as a joint lead manager in the issuance of senior unsecured US dollar-denominated sukuk with
Trade Arabia
18/06/2025
Mashreq, a leading financial institution in the Mena region, has structured the first sustainability-linked financing (SLF) for Galadari Brothers, a UAE-based leading conglomerate, marking a signific
Trade Arabia
18/06/2025
RAK Properties, a leading UAE property developer, has announced the launch of Solera, a vibrant new apartment community set to define the new downtown rhythm of its flagship waterfront destination, M
Trade Arabia
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