S&P maintains Qatar's 'Stable' outlook
- Qatar: Wednesday, February 13 - 2013 at 02:59
Standard & Poor's has maintained its 'Stable' outlook on Qatar on the strength of the country's 'high levels of economic wealth and strong fiscal and external balance sheets,' Gulf Times has reported. S&P assigned AA/stable/A-1+; AA/stable/A-1+ ratings to Qatar and said the Gulf country was one of the wealthiest economies it rated, with GDP per capita estimated at $104,000 in 2012. "Relative to peers, real GDP per capita growth has been strong in recent years, but we have anticipated a contraction from 2012 onward as the large investment programme to boost liquid natural gas production capacity to around 77 million tonnes per year (tpy)," the rating agency said.
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