Ratings: Foreign and Local Currency: AA-/Negative/A-1+ For further details see ratings list. Qatari authorities have used the country's large fiscal assets to mitigate the impact of the ongoing boycott by Arab states. We are affirming our 'AA-/A-1+' ratings on Qatar. The outlook is negative. On Feb. 9, 2018, S&P Global Ratings affirmed its 'AA-/A-1+' long- and short-term foreign and local currency sovereign ratings on Qatar. The outlook is negative. The transfer and convertibility (T&C) assessment is 'AA'. The negative outlook primarily reflects the geopolitical and economic risks from Qatar's boycott by several Arab countries over the next 12 months. We could lower ratings if the economic impact from the boycott ultimately turned out to be more significant than we currently
