This report supplements our research update "Ratings On Qatar Affirmed At 'AA/A-1+' On Strong Fiscal And External Balance Sheets; Outlook Stable," published on Oct. 11, 2013. To provide the most current information, we may cite more recent data than that stated in the previous publication. These differences have been determined not to be sufficiently significant to affect the rating and our main conclusions. The ratings on Qatar reflect our view of its high economic wealth and strong fiscal and external balance sheets. The ratings are constrained by limited monetary policy flexibility, still-nascent public institutions, and limited disclosure, particularly with respect to government assets and investment income. The succession from Sheikh Hamad bin Khalifa al-Thani to his son, the new emir,
