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STABLE TO POSITIVE OUTLOOK FOR THE FINANCIAL STRENGTH RATINGS OF BANKS
Info-Prod Research (Middle East), November, 2003
The stable to positive outlook for the financial strength ratings of Qatar's banks captures the stable banking system structure and the banks' adequate financial fundamentals, whilealso taking into consideration their high concentration to the Qatarioperating environment, as a result of which the banking system'sliquidity and external position remain hostage to state financing needs,which are in turn dependent on international oil prices, says Moody'sInvestors Service in its new Banking System Outlook on Qatar.
"Qatari banks are constrained by their size and lack of expertise," says Constantinos Pittalis, a Moody's Vice President/Senior Analyst and author of the annual report. The banks remain relatively unsophisticated in therange of services and products they offer and have...
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