Fitch Rates Qatar's Upcoming USD Bonds 'AA(EXP)'
OREANDA-NEWS. Fitch Ratings has assigned Qatar's upcoming USD-denominated senior unsecured bonds an expected rating of 'AA(EXP)'.
Qatar intends to use the proceeds from the bonds for its budgetary and general funding purposes.
The assignment of the final rating is contingent on the receipt of final documents conforming to information already received.
KEY RATING DRIVERS
The ratings are in line with Qatar's Long-Term Foreign Currency Issuer Default Rating (IDR), which was affirmed at 'AA' with a Stable Outlook in March 2016.
The ratings of the bonds are sensitive to changes in Qatar's Long-Term Foreign Currency IDR.