Economics
Qatar Outlook Lowered to Negative by Moody's
- Nation’s rating affirmed, fourth highest investment grade
- Moody’s says diplomatic dispute a risk to credit fundamentals
How Qatar May Respond to Saudi-Led Bloc Demands
This article is for subscribers only.
Qatar’s credit outlook was cut to negative by Moody’s Investors Service, which cited economic and financial risks from an ongoing diplomatic spat between the OPEC nation and its Arab neighbors.
The ratings firm lowered the nation’s outlook from stable on concern a quick resolution of the dispute is unlikely, but kept its long-term issuer rating at Aa3, according to a statement. Barring a “swift resolution,” economic activity will likely be thwarted after countries including Saudi Arabia and United Arab Emirates cut air, land and sea links with Qatar, Moody’s said.