Doha, Qatar – S&P Global and Moody’s credit ratings for Qatar stand at AA with a positive outlook, given the country’s gross domestic product, high GDP per capita, huge hydrocarbon reserves, high net asset value, and efficient monetary and fiscal policies.
Fitch and Capital Intelligence agencies also continued to rate Qatar’s sovereign rating at the level of AA with a stable outlook, which reflects Qatar’s strong creditworthiness.
S&P Global representative Benjamin Young said that the rating criteria are based on basic pillars ranging from 1 to 6, with each having grades, economic and financial elements and percentages.
Moody’s representative Nitish Bhojnagarwala highlighted Qatar’s strong rating and positive outlook, indicating that the strength of the Qatari economy is reflected in the health of its banking sector. He said the banking system in Qatar as one of the strongest in the Gulf.