Middle East Economic Survey

VOL. XLVII

No 26

28-June-2004

RATINGS

S&P Revise Outlook On Qatars A+ Ratings To Positive On Strong Economic Prospects

Ratings agency Standard & Poors (S&P) on 21 June revised its outlook on Qatar to positive from stable and affirmed its A+ long-term and A-1 short-term sovereign credit ratings on the Gulf state. These actions primarily reflect the countrys very strong economic prospects driven largely by the gas industry combined with continuous prudence in...