Fitch lifts Dolphin bonds view to stable

Fitch Ratings said it revised the outlook on Dolphin Energy Ltd.'s $1.25 billion 5.88% secured bonds due June 15, 2019 and $1.3 billion 5½% secured bonds due Dec. 15, 2021 to stable from negative and affirmed the ratings at A+.

The outlook revision reflects continued operations at full capacity over the past year despite the standoff between Qatar and several Arab countries that started in June 2017, Fitch explained.

Qatar has successfully made adjustments to its economy, the agency said.

Fitch also said it believes Qatar's diplomatic and logistical isolation by some of its neighbors is unlikely to be resolved for some time.

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