Standard & Poor’s Global Ratings maintained Qatar’s sovereign ratings at “AA/A-1+”, expecting that the country’s “large accumulated financial and external assets” would help mitigate the impact of the US-Israeli war on Iran.
“Despite the conflict in the region and its impact on gas production, our ratings for Qatar are still supported by the country’s huge external and financial net asset positions, which are supported by funds in the sovereign wealth fund (Qatar Investment Authority) in addition to other funds,” the agency said.
The war with Iran, which began two months ago, disrupted shipments through the Strait of Hormuz, through which 20% of global oil and liquefied natural gas supplies pass, according to what Reuters reported.
