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Fitch upgrades Qatari bank notes
Fitch Ratings said it upgraded the ratings of several Qatari banks and their senior unsecured notes, in some cases issued through a financing unit, to A from A-.
The banks and their notes include Ahli Bank QPSC, BBG Sukuk Ltd., CBQ Finance Ltd., Commercial Bank, Doha Finance Ltd., QIIB Senior Oryx Ltd. and QIB Sukuk Ltd.
QNB Finance Ltd.’s notes were upgraded to A+ from A.
The upgrades follow a similar action on Qatar’s sovereign rating on March 20.
The outlook is stable.
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