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Al Khalij rating upgraded by Fitch

May 4, 2014 9:46 am

Fitch Ratings has upgraded the long-term issuer default rating (IDR) of Qatar’s Al Khalij Commercial Bank (al khaliji) to ‘A’ from ‘A-,’ with ‘Stable’ outlook, the Peninsula has reported. Factors that led to the upgrade included al khaliji’s strengthened lending franchise, longer track record of solid performance and strong capitalisation.