Middle East Economic Survey

VOL. LIII

No 29

19-Jul-2010

QATAR

S&P Raises Naqilat Corporate Credit Rating To AA-

Standard & Poors Ratings Services raised its long-term corporate credit rating on Qatar-based LNG shipping company Naqilat to AA- from A+ on 12 July. The outlook is stable. At the same time, the agency raised the issue ratings on Naqilats $850mn senior secured bonds to AA- from A+ and the issue ratings on its $300mn secured subordinated bonds to A+ from A. The rating actions...