Qatar’s upper tier sovereign credit ratings are on par with most advanced economies, highlighting the country’s strong macroeconomic fundamentals, QNB Capital has said in a report.
In the Gulf region, Qatar has joint-highest ratings from the major ratings agencies with Kuwait and the UAE.
Rating agencies utilise a similar approach when assigning a sovereign rating, High in their consideration is the health of public finances, along with fiscal and monetary policy. Rating agencies also take into consideration economic performance and the level of debt (both public and private), including debt servicing capacity.
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