S&P: Industries Qatar, Nakilat views to negative

S&P said it revised its outlook on Industries Qatar QSC and Nakilat Inc. to negative from stable and affirmed their AA- long-term corporate credit ratings.

At the same time, the agency affirmed the AA- issue rating on Nakilat's $850 million senior secured bonds and the A+ issue rating on its $300 million senior secured subordinated bonds.

S&P said the actions follow the outlook revision on Qatar to negative from stable. In the agency’s opinion, there is a risk that Qatar's external position could deteriorate further should the rapid growth in external debt continue to outpace external liquid asset growth, thereby reducing the buffer provided by its sizable external assets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.