BLOOMBERG.COM
Qatar’s sovereign rating was cut to AA- by Fitch Ratings, which cited little progress toward ending a Saudi Arabia-led embargo of the emirate.
Qatar’s sovereign rating was cut to AA- by Fitch Ratings, which cited little progress toward ending a Saudi Arabia-led embargo of the emirate.
Fitch lowered the Gulf state’s sovereign long-term debt rating by one notch, putting it on par with Belgium and South Korea. The outlook is negative, the New York-based firm said in a statement Monday.
“International mediation efforts are still ongoing but are not showing significant progress,” Fitch analysts Krisjanis Krustins and Jan Friederich said. “In our view, the negotiating positions of Qatar and the boycotting countries remain far apart.”
Read more>
Read more>