Wednesday 25 July 2012

TEXT-S&P affirms Qatar's sovereign credit ratings | Reuters

Overview
-- We expect the Qatari government to remain in a strong net asset position, which in our view balances the concentration risk related to the economy's reliance on the oil and gas sector.
-- At the same time, we expect Qatar's narrow net external position to remain broadly in balance over our forecast period to 2015, despite the significant increase in banking sector external funding.
-- We are affirming our 'AA/A-1+' sovereign credit ratings on the State of Qatar.

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