Standard & Poor's Ratings Services today affirmed its 'AA/A-1+' sovereign credit ratings on the . The outlook on the ratings is stable. The transfer and convertibility assessment is 'AA+'.
The ratings affirmation and stable outlook apply to other ratings that depend on Qatar's sovereign credit rating, including the 'AA' long-term senior unsecured debt rating on the bonds issued by , and the long-term foreign-currency rating on .
The ratings on the State of Qatar reflect our view of the government's strong reported fiscal and external balance sheets. They also stem from strong growth prospects spurred by newly-completed large liquefied natural gas (LNG) projects. The ratings are constrained by still-nascent public institutions and limited disclosure, particularly with respect to government assets and their returns.
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