VOL. XLIV

No. 24

11-June-2001

QATAR

Capital Intelligence Raises Qatars Long And Short-Term Sovereign Ceilings

Ratings agency Capital Intelligence (CI) announced on 30 May that it had raised Qatars long and short-term sovereign ceilings from BBB and A3 to BBB+ and A2 respectively. The agency attributed the move to "higher oil prices since the beginning of 1999 as well as tough economic measures taken by the government to boost revenues and cut unnecessary expenditure," which it said had...