Business Services Industry

QATAR: STABLE TO POSITIVE OUTLOOK FOR THE FINANCIAL STRENGTH RATINGS OF BANKS.

IPR Strategic Business Information Database, 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, while also taking into consideration their high concentration to the Qatari operating environment, as a result of which the banking system's liquidity and external position remain hostage to state financing needs, which are in turn dependent on international oil prices, says Moody's Investors 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 the range of services and...

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