Doha – Mubasher: Standard and Poor’s (S&P) said, in a report issued Tuesday, it affirmed Qatar’s rating at (AA/Stable/A-1+), with Stable outlook.
“The stable outlook reflects our view of balanced risks to the ratings over the next two years. We believe that Qatar's economy will remain resilient, supported by strong macroeconomic fundamentals, but we also anticipate continued institutional weaknesses and limited monetary flexibility over the next two years,” said the ratings agency.
“We could lower the ratings on Qatar if developments in hydrocarbon production and prices, or in the banking sector, were to significantly weaken the country's external or fiscal positions; for example, if the government's gross liquid assets fall significantly below 100% of GDP by our estimates,” it added.
S&P also said it could raise the ratings on Qatar if it saw domestic institutions mature faster than expected, alongside significant improvements in transparency regarding government assets and external data quality.
