17 Hrs
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البلاد
Fitch Keeps Qatar's Rating at AA
Fitch Ratings agency confirmed that Qatar's credit rating remains at "AA" despite ongoing risks related to Iran's war, after removing it from the negative watchlist. The agency pointed to a decrease in risks to liquefied natural gas facilities since March, with expectations of an 8.1% contraction in GDP this year, compared to previous forecasts of a 6% decline. It also emphasized that absorbing the war’s impact on creditworthiness will take time, as disruptions in gas exports through the Strait of Hormuz and shortages linked to damage to energy facilities continue due to the ongoing conflict.
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