Ratings agency Moody's has upgraded Qatar's credit outlook to positive from stable, citing higher energy prices expected to bring significant budget surpluses that will help the Gulf state to manage its medium-term debt profile. "The change of outlook to positive reflects the prospect that the improvement in Qatar's debt metrics, observed in 2021-22 as a result of elevated energy prices, can be sustained in the medium term even if oil and natural gas prices moderate over the next few years," Moody's said. High energy prices have so far translated into a budget surplus of almost 50 billion Qatari riyals ($13.7 billion), the Emir Sheikh Tamim bin Hamad al-Thani.

Moody’s upgrades Qatar outlook on higher energy prices

Posted On: December 8, 2022

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Ratings agency Moody’s has upgraded Qatar’s credit outlook to positive from stable, citing higher energy prices expected to bring significant budget surpluses that will help the Gulf state to manage its medium-term debt profile. “The change of outlook to positive reflects the prospect that the improvement in Qatar’s debt metrics, observed in 2021-22 as a result of elevated energy prices, can be sustained in the medium term even if oil and natural gas prices moderate over the next few years,” Moody’s said. High energy prices have so far translated into a budget surplus of almost 50 billion Qatari riyals ($13.7 billion), the Emir Sheikh Tamim bin Hamad al-Thani.