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Qatar Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Aa2 Stable | AA Stable | AA Stable | NR — | NR — |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Mar 20, 2024 | Fitch | AA- | Positive | AA | Stable | |
| Jan 25, 2024 | Moody's | Aa3 | Positive | Aa2 | Stable | |
| Mar 28, 2023 | Fitch | AA- | Stable | AA- | Positive | |
| Nov 04, 2022 | S&P | AA- | Stable | AA | Stable | |
| Nov 02, 2022 | Moody's | Aa3 | Stable | Aa3 | Positive | |
| Dec 07, 2018 | S&P | AA- | Negative | AA- | Stable | |
| Jul 13, 2018 | Moody's | Aa3 | Negative | Aa3 | Stable | |
| Jun 05, 2018 | Fitch | AA- | Negative | AA- | Stable | |
| Aug 28, 2017 | Fitch | AA | Negative Watch | AA- | Negative | |
| Aug 25, 2017 | S&P | AA- | Negative Watch | AA- | Negative | |
| Jul 04, 2017 | Moody's | Aa3 | Stable | Aa3 | Negative | |
| Jun 12, 2017 | Fitch | AA | Stable | AA | Negative Watch | |
| Jun 07, 2017 | S&P | AA | Negative | AA- | Negative Watch | |
| May 26, 2017 | Moody's | Aa2 | Negative | Aa3 | Stable | |
| Mar 03, 2017 | S&P | AA | Stable | AA | Negative | |
| May 14, 2016 | Moody's | Aa2 | Negative Watch | Aa2 | Negative | |
| Mar 04, 2016 | Moody's | Aa2 | Stable | Aa2 | Negative Watch | |
| Mar 06, 2015 | Fitch | NR | — | AA | Stable | |
| Jul 05, 2010 | S&P | AA- | Stable | AA | Stable | |
| Jul 25, 2007 | Moody's | Aa3 | Stable | Aa2 | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CC | CC |
C | CC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is Qatar’s current credit rating?
Qatar’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view Qatar’s credit risk.
Has Qatar’s credit rating changed recently?
This page lists the latest rating and outlook actions for Qatar, showing when each agency last reviewed or changed its assessment.
Why does Qatar’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence Qatar's bond yields, currency, and equity flows as investors reassess risk.
How does Qatar’s rating compare to other countries?
You can explore how Qatar ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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