Fitch maintains Qatar’s credit rating and expects LNG exports to reach pre-war levels next year
Global agency Fitch Ratings has affirmed Qatar's credit rating at “AA” because of its strong economy and expects its liquefied natural gas exports to reach pre-war levels in the second half of next year. The agency also removed the Gulf nation from “Rating Watch Negative”, citing reduced risks to its liquefied natural gas units since March, while the outlook is kept at “negative”, with LNG…
Fitch Ratings has affirmed Qatar's credit rating at "AA" due to its strong economy, projecting liquefied natural gas (LNG) exports to reach pre-war levels in the second half of next year. The agency removed Qatar from "Rating Watch Negative," citing reduced risks to LNG units since March. The AA rating reflects Qatar's high GDP per capita and large sovereign assets, with additional gas production expected to strengthen public finances.
The rating is two notches below the top prime grade, enhancing access to capital markets. Fitch cited reduced risks to LNG facilities following Iran's March attacks on Ras Laffan, the world's largest LNG refinery, which destroyed parts of the facility, removing 12.8 million tonnes of LNG export capacity. LNG exports, disrupted by the Strait of Hormuz closure, are forecast to return to pre-war levels in the second half of next year, following a deal that enables resumption of exports through the strait.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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