News

Ratings upgrade gives breathing room to Qatar

Moody's_websiteRating agency Moody’s has upgraded Qatar’s long-term issuer ratings from negative to stable. The decision is based on Moody’s assessment that Qatar can withstand the current economic and political boycott it faces from its GCC neighbours for an extended period of time without material deterioration of its credit profile. Moody’s has also affirmed Qatar’s long-term issuer and foreign-currency senior unsecured debt ratings at Aa3. According to the rating agency this decision takes into account a number of strengths in Qatar’s credit profile that “continue to provide a significant shock absorption capacity to the sovereign”. These strengths include the government’s large net asset position, exceptionally high levels of per-capita income and very large hydrocarbon reserves. ©2018 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.