Thursday 05, June 2008 by

Capital Intelligence raises QNB to AA-

The international emerging markets rating agency, Capital Intelligence, has raised Qatar National Bank’s (QNB) foreign currency ratings to AA- from A+ long-term and A1+ short-term from A1, while the outlook for the financial strength rating of A+ is put on positive from stable.  The support rating of 1 is affirmed and reflects the state’s 50 per cent share-holding in QNB.