| Rating Agency | Rating | Outlook | Last Update | Action |
|---|---|---|---|---|
| Standard & Poor's | AA | - | 7 Nov 2022 | rating upgrade |
| Moody's Investors Service | Aa2 | - | 26 Jan 2024 | rating upgrade |
| Fitch Ratings | AA | - | 20 Mar 2024 | rating upgrade |
| DBRS | - | - |
Current Qatar credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Qatar ability to honor its financial commitments.
The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Qatar, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.
Discover what a Credit Rating is and why it matters.
Qatar: Long-term Rating Scales Comparison
Qatar long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Qatar sovereign debt. These scales help investors understand the likelihood that Qatar will meet its financial obligations.
Symbol means a negative outlook.
| Grade | Description | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|---|
|
Investment Grade |
Prime |
AAA
|
Aaa
|
AAA
|
AAA
|
| High Medium Grade |
AA+
|
Aa1
|
AA+
|
AA(high)
|
|
|
AA
|
Aa2
|
AA
|
AA
|
||
|
AA-
|
Aa3
|
AA-
|
AA(low)
|
||
| Upper Medium Grade |
A+
|
A1
|
A+
|
A(high)
|
|
|
A
|
A2
|
A
|
A
|
||
|
A-
|
A3
|
A-
|
A(low)
|
||
| Lower Medium Grade |
BBB+
|
Baa1
|
BBB+
|
BBB(high)
|
|
|
BBB
|
Baa2
|
BBB
|
BBB
|
||
|
BBB-
|
Baa3
|
BBB-
|
BBB(low)
|
||
|
Speculative Grade |
Speculative |
BB+
|
Ba1
|
BB+
|
BB(high)
|
|
BB
|
Ba2
|
BB
|
BB
|
||
|
BB-
|
Ba3
|
BB-
|
BB(low)
|
||
| Highly Speculative |
B+
|
B1
|
B+
|
B(high)
|
|
|
B
|
B2
|
B
|
B
|
||
|
B-
|
B3
|
B-
|
B(low)
|
||
| Substantial Risk |
CCC+
|
Caa1
|
CCC+
|
CCC(high)
|
|
|
CCC
|
Caa2
|
CCC
|
CCC
|
||
|
CCC-
|
Caa3
|
CCC-
|
CCC(low)
|
||
| Extremely Speculative |
CC
|
Ca
|
CC
|
CC
|
|
|
C
|
C
|
C
|
C
|
||
| In Default |
RD
|
/
|
RD
|
RD
|
|
|
SD
|
/
|
SD
|
SD
|
||
|
D•NR
|
D•NR
|
D•NR
|
D•NR
|
||
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Qatar Credit Ratings historical data
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.
| Date | S&P | Moody's | Fitch | DBRS |
|---|---|---|---|---|
| 20 Mar 2024 | AA | |||
| 26 Jan 2024 | Aa2 | |||
| 28 Mar 2023 | AA- | |||
| 7 Nov 2022 | AA | |||
| 3 Nov 2022 | Aa3 | |||
| 8 Dec 2018 | AA- | |||
| 13 Jul 2018 | Aa3 | |||
| 5 Jun 2018 | AA- | |||
| 28 Aug 2017 | AA- | |||
| 4 Jul 2017 | Aa3 | |||
| 12 Jun 2017 | AA | |||
| 7 Jun 2017 | AA- | |||
| 26 May 2017 | Aa3 | |||
| 3 Mar 2017 | AA | |||
| 4 Mar 2016 | Aa2 | |||
| 6 Mar 2015 | AA | |||
| 5 Jul 2010 | AA | |||
| 25 Jul 2007 | Aa2 | |||
| 6 Mar 2007 | AA- | |||
| 4 Oct 2006 | Aa3 | |||
| 7 Sep 2006 | A1 | |||
| 13 Sep 2005 | A+ | |||
| 18 May 2005 | A1 | |||
| 21 Jun 2004 | A+ | |||
| 15 Jul 2003 | A+ | |||
| 15 Aug 2002 | A3 | |||
| 13 May 2002 | A- | |||
| 9 Mar 2001 | BBB+ | |||
| 4 Nov 1996 | Baa2 | |||
| 26 Sep 1996 | Ba1 | |||
| 1 Feb 1996 | BBB | |||
| 29 Jan 1996 | Ba1 |
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