Fitch may lift Alaqaria

Fitch Ratings said it placed Qatar Real Estate Investment Co. QSC's long-term issuer default rating and senior unsecured rating of BBB+ on Rating Watch positive and affirmed the short-term issuer default rating of F2.

This follows Barwa Real Estate Co. QSC's plans to launch a tender offer for all the shares of Alaqaria, according to the agency.

Alaqaria's ratings reflect its position as a leading developer of long-term rental housing projects for both state and corporate entities in the state of Qatar as well as its strong operational and strategic ties with Qatar, the agency said.

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