S&P affirms sovereign ratings on Qatar - The Peninsula Qatar

S&P affirms sovereign ratings on Qatar - The Peninsula Qatar:

S&P Global Ratings has affirmed its ‘AA-/A-1+’ long- and short-term foreign and local currency sovereign ratings on Qatar.

The ratings affirmation reflects the global ratings agency’s expectation that the Qatari authorities will continue to actively manage the boycott while preserving Qatar’s core rating strengths, including its strong public sector balance sheet.

The government has taken measures to ease the immediate economic and financial effects of the blockade. In particular, it has established new trade routes through other countries in the region, resulting in a recovery in imports, S&P said yesterday. The outlook is negative.