State of Qatar Ratings Affirmed At 'AA-/A-1+'; Outlook Negative

Ratings: Foreign and Local Currency: AA-/Negative/A-1+ For further details see ratings list. OVERVIEW We expect the ongoing boycott of Qatar's economy will lead to slower economic growth and hamper fiscal and external performance as outflows of external financing are offset by drawing upon government assets. The Qatari authorities are utilizing the country's large fiscal assets to limit the impact. We are affirming our 'AA-/A-1+' ratings on Qatar and removing them from CreditWatch with negative implications. The negative outlook reflects our view of the potential consequences of the boycott on Qatar's economic, fiscal, and external metrics, especially if the boycott is tightened or prolonged. RATING ACTION On Aug. 25, 2017, S&P Global Ratings affirmed its 'AA-/A-1+' long- and short-term foreign and

...OVERVIEW We expect the ongoing boycott of Qatar's economy will lead to slower economic + growth and hamper fiscal and external performance as outflows of external financing are offset by drawing upon government assets. The Qatari authorities are utilizing the country's large fiscal assets to limit + the impact. We are affirming our '##-/A-1+' ratings on Qatar and removing them from + CreditWatch with negative implications. The negative outlook reflects our view of the potential consequences of the + boycott on Qatar's economic, fiscal, and external metrics, especially if the boycott is tightened or prolonged. RATING ACTION On Aug. 25, 2017, S&P Global Ratings affirmed its '##-/A-1+' long- and short-term foreign and local currency sovereign ratings on the State of Qatar. The outlook is negative. The ratings were removed from CreditWatch with negative implications, where we placed them on June 7, 2017. The transfer and convertibility (T&C) assessment is '##'....

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