Qatar: Moody’s ratings warning

Moody’s Investors Service on 4 July joined the ranks of ratings agencies and other risk analysts by warning of the impact of the Qatar crisis, changing its outlook on the emirate’s sovereign rating to negative from stable. Moody’s reaffirmed its long-term issuer and senior unsecured debt ratings for Qatar at Aa3, reflecting the economy’s inherent strengths and “takes into account a number of credit strengths embedded in Qatar’s credit profile and reflects Moody’s view that the sizable net asset position of the Qatari government and exceptionally high levels of wealth will continue to provide significant support to the sovereign credit profile for the time being.”