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Thursday, 8 June 2017

Qatar credit quality to decline if GCC tensions persist: Moody's | Reuters

Qatar credit quality to decline if GCC tensions persist: Moody's | Reuters:

"Qatar's credit quality would decline if tensions with its Gulf neighbors continue for much longer, raising the country's debt ratio and hurting banks' liquidity, Moody's ratings agency said on Thursday. "A prolonged or deepening rift between Qatar and its GCC neighbors would potentially have a more marked financial effect and increase funding costs for the sovereign and other Qatari entities," Moody's told clients. It currently rates Qatar at A3 with a stable outlook, or four notches above junk."



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