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S&P affirms Qatar’s ratings

: Sunday, April 06 - 2014 @ 09:16

Standard and Poor’s (S&P) has affirmed its long and short term foreign and local currency sovereign credit ratings on Qatar at ‘AA/A-1+’ with a “Stable” outlook, Gulf Times has reported. The country’s strong net external and fiscal asset positions balance the concentration risk related to the economy’s reliance on the oil and gas sector, S&P said, while also affirming the ‘AA’ long-term senior unsecured debt ratings on the bonds issued by Qatari Diar Finance and SoQ Sukuk.

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Sunday, April 6- 2014 @ 9:16 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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