Fitch affirms Doha Bank

Fitch Ratings said it affirmed Doha Bank's individual rating at C and support rating at 1. Fitch said it has not conducted a full rating review on the bank and hasn't assigned long- and short-term foreign-currency issuer default ratings to the bank.

The rating reflects the bank's systemic importance to Qatar and the extremely high probability of support available from the Qatari authorities, if ever required, Fitch said.

Factors constraining the rating include the bank's fast credit growth, tightening capital ratios and its current reliance on an undiversified economy.

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