Standard & Poor's credit rating agency confirmed the rating of the State of Qatar at the degree (AA-) while keeping its future outlook stable. p>
The agency said in a statement that it believes that the Qatar government and external public budgets will be able to provide sufficient fenders to withstand the shocks.
S&P expects a timely policy response from the government of Qatar to support its liquidity, bearing in mind the continuing difficulties in global capital markets. >
Qatar sold $ 10 billion in bonds last April, to be the first Gulf country to collect liquidity in debt markets in the face of declining oil prices and fog in the markets caused by the pandemic Corona Virus.
The agency said in a statement, despite a sharp economic contraction and low oil and gas prices, we do not expect a fundamental deterioration that exceeds our expectations in the financial positions of the government and foreign shares.
Standard & Poor's added that income levels in Qatar are still among the top rated sovereign debt, which supports its strong credit position.
