Qatar Exchange | The Commercial Bank | S&P Global Ratings Affirms Commercial Bank’s Rating at A-/Stable/A-2

Doha, Qatar: Standard & Poor’s (S&P) Global Ratings has affirmed Commercial Bank’s issuer credit ratings at A-/A-2 with a Stable Outlook.According to S&P, Stable Outlook reflects the expectation that Commercial Bank will continue to maintain strong capital levels and further strengthen its asset quality indicators over the next 12 to 24 months. The rating affirmation also recognises Commercial Bank’s well-established corporate franchise in Qatar, its diversified funding and healthy liquidity position, and adequate earnings generation capacity as key factors supporting the rating. S&P also noted the high likelihood of government support in view of the Bank’s systemic importance within the domestic banking sector.Commenting on the announcement, EGM, Chief Financial Officer of Commercial Bank, Noman Ali said: “This rating affirmation reflects confidence in our strategy and the solid foundations we have built over the years. At Commercial Bank, we are focused on supporting our customers, maintaining a solid financial position, and contributing to Qatar’s continued economic growth.”Commercial Bank has consistently maintained strong ratings across major international agencies, reflecting its financial strength and stability. In addition to S&P’s affirmation, the Bank holds long-term ratings of A2 with a Stable Outlook from Moody’s and A with a Stable Outlook from Fitch, reaffirming the confidence of global rating institutions in Commercial Bank’s performance and stability.