Middle East Economic Survey

VOL. LIV

No 33

15-Aug-2011

QATAR

Moodys Assigns A1 Rating To QEWC

Moodys Investors Service on 8 August assigned an A1 long term local currency issuer rating to Qatar Electricity and Water Company (QEWC). This is the first time that Moodys has rated QEWC and the outlook assigned to the rating is stable. A Moodys statement said: QEWCs A1 rating is mainly supported by the beneficial contractual framework that was put in place by the State of Qatar that significantly...