S&P affirms Qatar

Standard & Poor's said it affirmed the AA/A-1+ sovereign credit ratings on the State of Qatar.

The outlook is stable.

The transfer and convertibility assessment is AA+.

The agency also said it affirmed the other ratings that depend on Qatar's sovereign credit rating, including the AA long-term senior unsecured debt rating on the bonds issued by Qatari Diar Finance QSC and the long-term foreign-currency rating on Qatar Petroleum.

The ratings reflect a view of the government's strong reported fiscal and external balance sheets, S&P said.

They also consider its strong growth prospects spurred by newly-completed large liquefied natural gas (LNG) projects, the agency said.

The ratings are constrained by still-nascent public institutions and limited disclosure, particularly with respect to government assets and their returns, S&P said.

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