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  • Qatar’s credit rating received an upgrade from Moody’s Investors Service, marking the first increase since 2007. The Gulf state's credit rating was elevated one level to Aa2, the third-highest investment grade, in recognition of its improved fiscal metrics and sustained fiscal prudence. This places Qatar on par with countries like France, South Korea, and the United Arab Emirates, surpassing the rating of the UK. Moody's also highlighted Qatar's substantial increase in liquefied natural gas (LNG) production as a positive factor, emphasizing its role as a major LNG exporter, especially to Europe following disruptions caused by geopolitical events.
  • The outlook for Qatar was changed from positive to stable, indicating that another upgrade is not anticipated in the short term. Flush with cash from gas sales, Qatar is preparing to issue its first green bond, signaling a commitment to addressing climate change. The country has significantly reduced its debt levels in recent years and currently boasts a debt-to-GDP ratio of around 40%, down from 73% in 2020, according to the IMF.

Why it matters

Despite the economic slowdown in 2022 due to the completion of projects related to the World Cup, Qatar's robust growth outlook for the coming years has been affirmed by the International Monetary Fund.


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