DOHA: Fitch Ratings has assigned Qatar’s upcoming USD-denominated senior unsecured bonds an expected rating of ‘AA(EXP)’.
Qatar intends to use the proceeds from the bonds for its budgetary and general funding purposes, the ratings agency said yesterday.
The assignment of the final rating is contingent on the receipt of final documents confirming the information already received.
The ratings are in line with Qatar’s long-term foreign currency Issuer Default Rating (IDR), which was affirmed at ‘AA’ with a stable outlook in March 2016.
The ratings of the bonds are sensitive to changes in Qatar’s long-term foreign currency IDR.
The Peninsula
DOHA: Fitch Ratings has assigned Qatar’s upcoming USD-denominated senior unsecured bonds an expected rating of ‘AA(EXP)’.
Qatar intends to use the proceeds from the bonds for its budgetary and general funding purposes, the ratings agency said yesterday.
The assignment of the final rating is contingent on the receipt of final documents confirming the information already received.
The ratings are in line with Qatar’s long-term foreign currency Issuer Default Rating (IDR), which was affirmed at ‘AA’ with a stable outlook in March 2016.
The ratings of the bonds are sensitive to changes in Qatar’s long-term foreign currency IDR.
The Peninsula
