...Qatar International Islamic Bank (Q.P.S.C.) (QIIB) Issuer Default Ratings (IDRs) reflect potential support from Qatar, as reflected in the Government Support Rating (GSR) of `a'. The Negative Outlook reflects that on the Qatari sovereign rating (AA/Negative). QIIB's Viability Rating (VR) reflects its fairly small, but established, Islamic-banking franchise in Qatar, high financing concentrations and only adequate core capitalisation. The VR also reflects the bank's stable asset quality, solid profitability and stable funding and liquidity with a lower reliance on non-resident funding than its peers. The VR is one notch below the implied VR of 'bbb-' due to capitalisation and leverage. GSR of 'a': The Qatari authorities have a strong propensity to support domestic banks, irrespective of their size or ownership. They also have a strong ability to do so, as indicated by the sovereign rating and substantial net foreign assets and revenue, although this is weakened by the local banking sector's...
