S&P affirms Qatar’s ratings with stable outlook - The Peninsula Qatar:
Noted rating agency S&P Global has affirmed Qatar’s sovereign ratings with a stable outlook, and said that government’s assets will likely remain a core rating strength of the economy.
The rating agency, in its report released yesterday, projected that Qatar’s GDP is expected to grow by 2.8 percent and the current account surplus will be averaging 4.5 percent of GDP in 2019-2022, assuming lower hydrocarbon prices from 2021.
Among the other key rating factors the agency noted that increasing nonresident deposits demonstrate strengthening investor confidence in the financial sector, but this largely short-term external funding worsens Qatar’s external liquidity position.
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