BRIEF-S&P Says Qatar Ratings Affirmed At 'Aa/A-1+', Outlook Stable

BY Reuters | CORPORATE | 04:09 PM EDT

May 1 (Reuters) - S&P:

* S&P: QATAR RATINGS AFFIRMED AT 'AA/A-1+'; OUTLOOK STABLE

* S&P: FORECAST THAT QATAR'S ECONOMY WILL CONTRACT BY 5% IN REAL TERMS IN 2026

* S&P ON QATAR: DROP IN LNG PRODUCTION DUE TO DAMAGE TO INFRASTRUCTURE AT RAS LAFFAN INDUSTRIAL CITY WILL LIKELY TAKE FEW YEARS TO REVERSE

* S&P: PROLONGED EFFECTIVE BLOCKAGE OF HORMUZ COULD STRAIN QATAR'S FISCAL AND EXTERNAL POSITION INTO 2027.

* S&P: STABLE OUTLOOK REFLECTS THAT QATAR'S SIZABLE ACCUMULATED FISCAL, EXTERNAL ASSETS TO HELP WEATHER PERIOD OF SECURITY & TRADE FLOW DISRUPTION RISKS

* S&P: DESPITE ELEVATED RISKS, WE EXPECT QATAR'S LNG EXPANSION PLAN TO CONTINUE, ALBEIT WITH SOME DELAYS

* S&P: DESPITE REGIONAL CONFLICT & IMPACT ON GAS PRODUCTION, RATINGS REMAIN SUPPORTED BY QATAR'S SIZABLE EXTERNAL AND FISCAL NET ASSET STOCK POSITIONS

* S&P: WE EXPECT A SIGNIFICANT GDP CONTRACTION FOR QATAR IN 2026

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

fir_news_article