Agency affirms Qatar currency ratings despite Gulf crisis

Agency affirms Qatar currency ratings despite Gulf crisis:

"Capital Intelligence (CI), the international credit rating agency, has affirmed Qatar’s long-term foreign and local currency ratings of ‘AA-’ and short-term foreign and local currency ratings of ‘A1+’ despite the ongoing Gulf crisis. "Qatar’s ratings are supported by the country’s substantial economic wealth,” CI said, adding the country is the world’s third largest producer of natural gas after Russia and Iran and is by far the largest exporter of liquefied natural gas (LNG). According to the International Energy Association, the country has proven natural gas reserves of around 883tn cubic feet with a reserve to production ratio of around 58 years. Qatar’s prudent investment in large-scale LNG has contributed to one of the highest levels of GDP (gross domestic product) per capita in the world, estimated at $64,447 in 2017."



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