Mubasher: Moody's Investors Service has changed the outlook on the Aa3 long-term issuer rating of Qatar's national oil and gas company Qatar Petroleum (QP), the A1 long-term issuer rating of QP subsidiary Industries Qatar (IQ), and the A1 long-term issuer rating of Qatar Electricity and Water Company (QEWC) to stable from negative.
The research firm has also affirmed the ratings on all three government-related issuers (GRIs).
At the same time, Moody's changed the outlook on the long-term issuer rating and senior unsecured bond ratings of government-owned Qatari Diar's special purpose vehicle Qatari Diar Finance (QDF) to stable from negative and affirmed the Aa3 issuer and bond ratings, according to a report issued on Wednesday.
The decision follows the change of Qatar's sovereign rating outlook to stable from negative and the affirmation of its Aa3 rating 2018.
