Moody's affirms Qatar Real Estate

Moody's Investors Service said it affirmed the A2 issuer ratings of Qatar Real Estate Investment Co. (also known as Alaqaria), and its provisional A2 bond ratings of Qatar Alaqaria Sukuk Co. Ltd.

The outlook is stable.

The affirmation follows Moody's recent upgrade of Qatar's sovereign ratings to Aa2.

With the government of Qatar directly owning 27% of Alaqaria, Moody's views the company as a government-related issuer and determines its ratings on the basis of both the company's fundamental creditworthiness and the credit enhancement that can be achieved from government support.

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