Fitch Ratings has affirmed Commercial Bank’s Long-Term Issuer Default Rating (IDR) at ‘A’ with a stable outlook, short-term IDR at ‘F1’, viability rating (VR) was downgraded to ‘bb+’ from ‘bbb’.
Fiscal balances are set to weaken across much of the Gulf Co-operation Council (GCC) in 2019, maintaining pressure on some sovereign balance sheets, according to Fitch, a global credit rating agency.
A no-deal Brexit would almost certainly mean Britain's credit rating would be cut again early next year, rating agency Fitch warned on Monday.
Qatar's fiscal deficit is narrowing despite the economic boycott that began in June last year, according global credit rating agency Fitch.
Qatar, which can easily defend its foreign exchange peg with the greenback, has the ability to inject dollar liquidity in order to narrow the gap between the onshore and offshore currency rates, according to BMI, a Fitch company.
Nebras Power has entered into an agreement to acquire Qatar Electricity and Water Company's (QEWC) stake in Oman-based Phoenix Power Company and Phoenix Operating and Maintenance Company.