On May 26, Moody’s Investors Service downgraded Qatar’s long-term issuer and senior unsecured debt ratings to Aa3 from Aa2 and changed the outlook to stable from negative. The key drivers for the rating downgrade are a weakening of Qatar’s external position and uncertainty over the sustainability of the country’s growth model beyond the next few years. The stable outlook reflects Moody’s view that implementation of fiscal and economic reforms, coupled with sizable reserve buffers, will help shield Qatar’s credit profile from deteriorating further and remain consistent with a Aa3 rating. READ MORE
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