Friday 23 November 2012

S&P assigns ‘AA’ ratings on Qatar

Global ratings agency Standard & Poor’s (S&P) has assigned ‘AA/Stable/A-1+’ sovereign credit ratings on Qatar. The ratings on Qatar reflect S&P’s view of is high levels of economic wealth and strong fiscal and external balance sheets with modest levels of debt and large external liquidity.
Qatar is one of the wealthiest economies we rate, with GDP per capita estimated at $104,000 in 2012. Relative to peers, real GDP per capita growth has been strong in recent years, but we have anticipated a contraction from 2012 onward as the large investment progamme to boost liquid natural gas production capacity to approximately 77m tons per year tails off, S&P noted.
“Qatar’s  ratings is supported by its very wealthy economy, and strong external and fiscal balance sheets. We believe the ratings are constrained, along with those of the peer group”,it said.

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