S&P affirms Qatar's credit ratings

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S&P affirms Qatars credit ratings
A view of the Doha skyline.

Published: Sun 4 Sep 2016, 5:47 PM

Last updated: Sun 4 Sep 2016, 7:50 PM

S&P Global Ratings has affirmed its 'AA' long-term and 'A-1+' short-term sovereign credit ratings on the state of Qatar. The outlook remains stable.

"We expect Qatar to maintain its strong government net asset position as fiscal deficits remain relatively moderate. We project the country's huge infrastructure investment programme will support growth over 2016-2019," a report said.

"The stable outlook reflects our view that Qatar's economy will remain resilient, although we anticipate continued institutional weaknesses and an only moderate increase in hydrocarbon prices over the next two years," the report added.

- business@khaleejtimes.com

By Staff Report

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