LONDON (Standard&Poor's) Sept. 12, 2005--Standard&Poor's Ratings Services said today it revised its outlook on the State of Qatar to stable from positive, amid unforeseen delays to institutional reform. At the same time, the 'A+' long-term and 'A-1' short-term ratings on Qatar were affirmed. In addition, Standard&Poor's revised its outlook on Qatar Petroleum to stable from positive, and affirmed the 'A+' long-term foreign currency rating on the entity. The outlook revision on Qatar reflects the reduced likelihood of a near-term upgrade, because of the unanticipated delays in planned institutional reform. "A new constitution that lays the foundation for limited popular participation in political processes, greater clarity in leadership succession, and more transparency and accountability in
