Qatar highest rated in GCC: QNB Capital

Qatar is currently the highest rated GCC (Gulf Co-operation Council) country with top ratings from all leading agencies – Moody’s, Standard & Poor’s, Fitch and Capital Intelligence, QNB Capital said in its forthcoming Qatar Economic Review.

S&P had recently raised the country’s sovereign long-term foreign and local currency ratings to AA from AA-, while affirming the short-term ratings at A-1+ with outlook stable.

“S&P mentioned the upgrade was based on the government’s strengthening fiscal and external balance sheets, with strong growth prospects spurred by new liquefied natural gas projects in 2010–12,” QNB Capital said.