Doha - Mubasher: Moody’s Investors Services, on Wednesday, confirmed the credit rating of Qatari Diar Finance Company at Aa2, with a negative outlook.
Moody’s said the rating came after affirming of Qatar’s rating at Aa2, with a negative outlook.
The think tank also confirmed the ratings of Qatar Petroleum (QP) and Industries Qatar (IQ) at Aa2 and Aa3 respectively, with a negative outlook.
“Today's action is in line with the rating action on the sovereign rating of Qatar and primarily reflects the strong credit linkages between QP and the Government of Qatar. As Qatar's national oil and gas company, QP remains at the heart of Qatar's economy and social development and provides more than 75% of the government's revenues,” Moody’s said.
