Doha: Fitch Ratings has affirmed Commercial Bank’s Long-Term Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. The agency has also affirmed the Bank’s Viability Rating (VR) at ‘bb+’.

According to Qatar News Agency, the affirmation of the rating is attributed to a stable domestic operating environment, a strong domestic franchise, and improving profitability for Commercial Bank. Group Chief Executive Officer Joseph Abraham expressed satisfaction with the reaffirmation, stating it reflects the bank’s robust strategic execution, strong franchise, and resilience.