May 8 (Reuters) - S&P Global Ratings on Friday affirmed Qatar’s rating at “AA-“, saying it believes the Arab country’s government and external balance sheets will be able to provide sufficient buffers to withstand shocks.
"Despite a sharp economic contraction and low hydrocarbon prices, we don't expect the government's fiscal and external stock positions will materially deteriorate beyond our expectations," the ratings agency said in a statement. bit.ly/2A9qnPL
The agency maintained Qatar’s outlook at “stable”.
Reporting by Nilanjana Basu; Editing by Vinay Dwivedi