Doha – Mubasher: Fitch Ratings affirmed Qatar National Bank's (QNB) Long-Term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook.
However, the agency downgraded the bank’s Viability Rating (VR) to 'A-' from 'A' and removed it from Rating Watch Negative (RWN) after completing QNB's acquisition of Finansbank.
Last June, QNB announced the completion of acquiring a stake of 99.81% in Turkey’s Finansbank.
The stock is being traded at QAR 150.60.
