Article: S&P Rates Qatar $1 Billion General Purpose Senior Unsecured Bonds 'BBB'.

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 ...

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