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.
