S&P Global Ratings has affirmed Commercial Bank of Qatar's issuer credit ratings at A-/A-2 with a Stable Outlook, The Peninsula reported on November 6.

According to S&P, the 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 12-24 months.

The rating affirmation 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.

Noman Ali, Executive General Manager and Chief Financial Officer of Commercial Bank, said the rating affirmation reflects confidence in the bank's strategy and the solid foundations 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," he said.

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.