{"id":3615,"date":"2025-03-18T18:31:57","date_gmt":"2025-03-18T15:31:57","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=3615"},"modified":"2025-03-19T02:34:49","modified_gmt":"2025-03-18T23:34:49","slug":"fitch-podtverdilo-rejting-katara-na-urovne-aa-prognoz-stabilnyj","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/fitch-podtverdilo-rejting-katara-na-urovne-aa-prognoz-stabilnyj\/","title":{"rendered":"Fitch affirms Qatar\u2019s rating at AA, outlook stable"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">Qatar has retained its AA credit rating from Fitch Ratings, with a stable outlook, supported by the country\u2019s expanding liquefied natural gas production capacity and high per capita income.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The US-based agency highlighted Qatar\u2019s strong fiscal position, citing one of the world\u2019s highest gross domestic product per capita figures and a flexible public finance framework that bolsters the country\u2019s resilience.<\/p>\n<p class=\"p1\">An AA rating signals very low credit risk and a robust ability to meet financial commitments, even in the face of foreseeable economic pressures.<\/p>\n<p class=\"p1\">Qatar\u2019s strong credit rating aligns with the broader trend in the Middle East, where countries are steadily diversifying their economies to reduce reliance on crude revenues.<\/p>\n<p class=\"p1\">In February, Fitch affirmed Saudi Arabia\u2019s IDR at A+ with a stable outlook, while the UAE received a rating of AA-. The agency also affirmed Kuwait\u2019s AA- rating in March.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">\u201cQatar\u2019s \u2018AA\u2019 rating reflects one of the world\u2019s highest GDP per capita, our expectation that additional gas production will strengthen public finances and a flexible public finance structure,\u201d said Fitch Ratings.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The report highlighted Qatar\u2019s plans to expand LNG production capacity from 77 million tonnes per annum to 110 mtpa in 2026 and 126 mtpa by 2027, eventually reaching 142 mtpa by 2030.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">According to Fitch, state-owned Qatar Energy\u2019s North Field projects will support both hydrocarbon and non-hydrocarbon growth from 2025 to 2030.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">North Field, which holds nearly 10 percent of the world\u2019s known LNG reserves, lies off the northeast shore of the Qatar peninsula, covering more than 6,000 sq. km \u2014 roughly half the country\u2019s land area.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">\u201cFunding plans for the 2030 phase will depend on hydrocarbon prices at that time but we expect it is likely that most of the project will be funded with internal resources,\u201d added Fitch.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The agency also projected that Qatar\u2019s government debt-to-GDP ratio will fall to about 43 percent by 2027, down from 49 percent in 2024 and a peak of 85 percent in 2020.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Fitch noted that Qatar\u2019s government is expected to refinance most upcoming external market debt maturities and pay down external loans using a moderate budget surplus, excluding income from its sovereign wealth fund investments.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">Qatar\u2019s sovereign net foreign assets per GDP reached $398 billion in 2024, up from $347 billion in 2023, reaffirming the country\u2019s strong financial standing.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">However, the report also outlined key constraints that could impact Qatar\u2019s rating in the future, including its heavy reliance on hydrocarbons, higher government debt-to-GDP ratio compared to regional peers, and regional stability risks.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Qatar has retained its AA credit rating from Fitch Ratings, with a stable outlook, supported by the country\u2019s expanding liquefied natural gas production capacity and high per capita income.\u00a0 The US-based agency highlighted Qatar\u2019s strong fiscal position, citing one of the world\u2019s highest gross domestic product per capita figures and a flexible public finance framework 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