S&P revises outlook on Qatar to ‘stable’

S&P revises outlook on Qatar to ‘stable’:

S&P Global Ratings has revised its outlook on Qatar to ‘stable’ from ‘negative’ on the strength of the country’s macroeconomic resilience. The premier ratings agency also affirmed Qatar’s sovereign credit ratings at ‘AA-/A-1+’.

In its overview released yesterday, S&P said Qatar has “effectively managed” the ongoing blockade’s impact on diplomatic ties and trade and transport links.

“We expect economic growth to accelerate and external accounts to remain in surplus from 2018-2021, except in the event of larger declines in oil prices,” S&P said.