Fitch turns QatarEnergy view to positive

Fitch Ratings said it revised its outlook for QatarEnergy (formerly Qatar Petroleum) to positive from stable and affirmed its AA- issuer and senior unsecured ratings.

The outlook revision on QE reflects a similar sovereign rating action on Qatar (AA-/positive). This is because QE's AA- rating is constrained by that of sole shareholder - Qatar - given strong links between the company and the sovereign, in line with Fitch's government-related entities (GRE) and parent and subsidiary linkage (PSL) rating criteria,” in a press release.

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