Wednesday 15 February 2012

TEXT-S&P rates Industries Qatar 'AA-';otlk stbl | Reuters

-- Petrochemical, fertilizer, and steel producer Industries Qatar QSC (Industries Qatar) benefits from access to competitively priced gas feedstocks and the resulting excellent cost positioning across its range of products, in our opinion, along with diversification by product and end market, and very strong operating cash flow.

-- We believe there is an "extremely high" likelihood that the Qatari government would provide extraordinary support to Industries Qatar if financial stress arises, owing to the company's "very important" public policy role and "integral" link with the Qatari government.

-- We are assigning our 'AA-' long-term rating to Industries Qatar.

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