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Fitch rates Qatar Petroleum, notes AA-
Fitch Ratings said it assigned Qatar Petroleum a first-time long-term issuer default rating of AA-. The agency also gave the company’s proposed notes an expected senior unsecured rating of AA- in line with the company's long-term IDR.
“QP's AA- rating is constrained by that of sole shareholder –– Qatar (AA-/stable) –– given strong links between the company and the sovereign, in line with Fitch's government-related entities (GRE) and parent and subsidiary linkage (PSL) rating criteria,” the agency said in a press release.
The outlook is stable.
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