QATAR: Moody's credit opinion hints at an upgrade path
GULF COUNTRIES
- Report
18 Jul 2019
by Rory Fyfe and Justin Alexander
Underlying trends in Moody’s latest credit opinion point towards a potential upgrade path, despite some negative revisions to its economic forecasts. This is because Qatar's “indicative” rating is now at its highest in at least three years, and we expect it will improve further, creating room for an upgrade in the “assigned” rating. In addition, Qatar’s credit default swaps have, for the first time, fallen below both Abu Dhabi and Kuwait, which are rated a notch higher by all three agencies.
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