(MENAFN) Moody's Investors Service stated that it has assigned an Aa2 rating for Qatar's long-term global sukuk, with stable outlook, reported The Peninsula.
The announcement follows the AA rating issued by Standard and Poor's early this month to the special purpose vehicle (SPV), which is wholly owned by the country.
The payment obligations linked with the US dollar trust certificates issued by SoQ Sukuk A QSC are direct obligations of the State.
It is worth noting that Qatar's foreign- and local-currency ratings are sustained by the country's high economic and government financial position.
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