Qatar boycott puts it at highest risk of downgrade globally: S&P | Reuters

Qatar boycott puts it at highest risk of downgrade globally: S&P | Reuters:

Qatar is the country at highest risk of being downgraded by S&P Global Ratings as it continues to feel the impact of a boycott by other Arab states, the rating agency said in a research note.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic and transport ties with Qatar last year, accusing it of backing terrorism, a charge which Doha denies.

The move disrupted Qatar’s imports and led to the withdrawal of billions of dollars from Qatari banks by depositors from the four states, hurting the economy.