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Article: S&P Rates Qatar $1 Billion General Purpose Senior Unsecured Bonds 'BBB'.
- Article from:
- PR Newswire
- Article date:
- May 13, 1999
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Copyright informationCOPYRIGHT 1999 PR Newswire Association, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, May 13 /PRNewswire/ -- Standard & Poor's today assigned its triple-'B' foreign currency senior unsecured debt rating to the State of Qatar's debut bond in the international capital market, a 10-year $1 billion general purpose financing issue.
At the same time, Standard & Poor's affirmed its triple-'B'-plus local currency and its triple-'B' foreign currency issuer credit and senior unsecured debt ratings on the emirate. The outlook is stable.
The ratings on the State of Qatar continue to be supported by:
-- Its possession of the world's third-largest reserves of natural gas. Qatar's gas production will expand sharply in the next few ...