VOL. XLII

No 40

4-October-1999

QATAR

Moodys Upgrades Qatars Foreign Currency Ceiling Outlook

US ratings agency, Moodys Investors Service announced on 22September that it had changed the outlook for Qatars foreign currency countryceilings of Baa2 for bonds, notes and bank deposits from negative to stable.The agency attributed the ratings change to the start-up this year of Qatarssecond liquefied natural gas (LNG) project and the oil price recovery and theassociated reduction of pressure on Qatars...