Qatar's status as one of the largest exporters of liquefied natural gas and our estimate of its substantial fiscal and external buffers mitigate the vulnerabilities raised by the high level of foreign debt in the Qatari banking system. We therefore affirmed our 'AA-/A-1+' long- and short-term foreign and local currency ratings on Qatar. The outlook is stable. On May 6, 2022, S&P Global Ratings affirmed its 'AA-/A-1+' long- and short-term foreign and local currency sovereign credit ratings on Qatar. The outlook is stable. The stable outlook reflects our view that Qatar's fiscal and external buffers should continue to benefit from the country's status as one of the world's largest exporters of liquefied natural gas (LNG) over the next two years,
