LONDON (Standard&Poor's) Nov. 30, 2011--Standard&Poor's Ratings Services said today that it had assigned its 'AA' long-term senior unsecured debt rating to the bonds issued by the State of Qatar (Qatar; AA/Stable/A-1+). Three bonds were issued for $2 billion (coupon 3.125%, maturing Jan. 20, 2017); $2 billion (coupon 4.500%, maturing Jan. 20, 2022); and $1 billion (coupon 5.750%, maturing 2042). We understand the net proceeds from the issue of the bonds will be used for general funding purposes, including infrastructure projects, expansion of the hydrocarbon sector, and to provide funding for state-owned enterprises. The ratings on Qatar reflect our view of the government's strong reported fiscal and external balance sheets. They also reflect the strong growth prospects
