Fitch Ratings has assigned Al Khalij Commercial Bank (al khaliji) Q.S.C.’s $500million 3.25% guaranteed senior unsecured notes due 22 October 2018 issued under al khaliji’s $750million euro medium term note programme a final rating of A-.
The ratings assigned to the notes are equalised with al khaliji’s Long-term Issuer Default Rating (IDR) of ‘A-‘. The payments of all amounts due in respect of the notes issued is guaranteed by al khaliji on an unsubordinated basis.
Al khaliji was the fifth-largest bank and fourth-largest conventional bank by assets in Qatar, accounting for 3.7% of total banking assets.