Qatar’s IIB ratings upgraded

May 13, 2014 9:51 am

The long-term issuer default ratings (IDR) of Qatar’s International Islamic Bank have been upgraded by Fitch Ratings to ‘A’ from ‘A-,’ Gulf Times has reported. The upgrade is driven by a revision of its support rating floors (SRFs), Fitch said. The outlook on the long-term IDR is stable.