2024-01-28 18:23:29
Moody’s raised Qatar’s credit rating to Aa2, with the outlook amended to stable, according to a report by the organization on Thursday.
This is the first time that Moody’s has raised the rating of Qatar – one of the world’s largest exporters of liquefied natural gas – since 2007, and this amendment came at a time when strong demand for liquefied natural gas enhances the economic prospects of the Gulf country.
Thus, Qatar’s rating becomes similar to its Gulf neighbor, the Emirates, as well as to France and South Korea, and higher than the United Kingdom’s rating, according to Bloomberg.
Qatar’s credit rating with Standard & Poor’s is similar to its rating with Moody’s, according to the agency.
Qatar is investing in projects to raise its production of liquefied natural gas by at least 60% to reach 126 million tons annually by 2027, and is expanding in concluding gas supply contracts, especially in the wake of the outbreak of war in Ukraine in February 2022, which caused the cessation of Russian gas supplies to Europe. .
(Prepared by: Maryam Abdel Ghani, contact: [email protected])
#Economic News
To read the topic on Ikon, click here
To subscribe to our daily report, which includes developments in economic and political news, register here
1706467254
#Qatar #par #UAE #France #credit #ratings…these #details
