BRIEF-S&P Says Qatar Ratings Affirmed At 'Aa/A-1+', Outlook Stable
BY Reuters | CORPORATE | 04:09 PM EDTMay 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
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