S&P Affirms Qatar’s Sovereign Credit Rating at AA-/Stable/A-1+
November 11, 2020
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Email S&P Global Ratings (S&P) has affirmed Qatar’s sovereign credit rating at AA-/Stable/A-1+, according to media sources.
The Stable Outlook reflects S&P’s view that Qatar’s credit profile will remain resilient as it is supported by the wealthy economy and strong Government and external net assets. In addition, S&P expects that the Government of Qatar will provide liquid support to the banking industry, in the unlikely event of sudden reversals in foreign capital flows. Despite the sharp decline in the economy as a result of COVID-19 and low hydrocarbon prices, S&P noted that income levels in Qatar were the highest of rated sovereigns, supporting Qatar’s robust credit profile.
