Moody’s upgrades Qatar to Aa2, changes the outlook to stable 

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Sun, 2024-01-28 12:08

RIYADH: Marked improvements in Qatar’s fiscal metrics, coupled with a reduction in infrastructure spending, have prompted Moody’s Investors Service to upgrade the nation’s debt rating from “Aa3” to “Aa2.” 

This upgrade is further fueled by a substantial increase in Qatar’s liquid natural gas production, expected to contribute to growth, government revenue, and exports. 

The foreign currency senior unsecured medium-term note program rating has also been elevated to Aa2 from Aa3, with the outlook revised from positive to stable. 

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