Doha – Mubasher: Fitch Ratings affirmed Qatar's long-term foreign and local currency issuer default ratings (IDRs) at 'AA' with a Stable Outlook.
The Country Ceiling is affirmed at 'AA+' and the Short-term foreign-currency IDR at 'F1+'.
According to the ratings agency, the 'AA' ratings reflect Qatar's large sovereign assets, the government's fiscal adjustment efforts, a large hydrocarbon endowment and one of the world's highest GDP per capita.
Qatar's credit strengths are also balanced by government debt and deficits that are set to rise above those of rated peers, and by mediocre scores on the World Bank's measures of governance and the business environment, Fitch added.
