Qatar’s Sovereign Ratings Affirmed

Ref: QA20CRA00-1 24 th J anuary 20 20

Qatar’s Sovereign Ratings Affirmed

RATING ACTION

Capital Intelligence Ratings (CI Ratings or CI ) , the international credit rating agency, today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) of Qatar at ‘A A- ’ . The sovereign’s Short-Term Foreign Currency Rating (ST FC R ) and Short-Term Local Currency Rating (ST LC R ) have also been affirmed at ‘A1 + ’. The Outlook for the ratings remains Stable.

RATING RATIONALE

The ratings are supported by substantial government assets under the management of the sovereign wealth fund, the Qatar Investment Authority (QIA), very large hydrocarbon reserves , moderate central government debt and low domestic political risk . The ratings are constrained by the economy’s limited diversification , substantial geopolitical risks , low monetary flexibility and low…