Fitch affirmed QNB Finansbank's LTFC IDR at 'B+' with Negative Outlook. Bank's Support Rating remains at '4' due to strategic importance to QNB. National Rating affirmed with Stable Outlook
Fitch rates QNB Finansbank's Basel III-compliant Tier 2 notes 'CCC+(EXP)'. Notes expected to be worth USD300 million. Recovery Rating is 'RR5'. Notes have 10-year maturity with call option after 5 years