Fitch Ratings has upgraded Qatar Energy's credit rating to AA from AA- with a stable outlook.
The agency indicated that Qatar Energy has strong liquidity rates and major financial solvency, with liquidity levels amounting to $21.2 billion compared to total debt of $15.3 billion, according to data at the end of the first half of 2023.
The agency added that the company enjoys strong financial discipline and great support from the government, as a state-owned national company, and is implementing the North Field expansion project, which is the largest gas project under construction in the world, to increase production of liquefied natural gas by 85% to 142 million tons by 2030.
