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FINANCIAL NEWS
Qatar Holding plans to obtain credit rating
25 Feb 2013
(MENAFN) Qatar Holding’s CEO, Ahmad Mohamed Al-Sayed, announced that during the coming few months, the Doha-based investment fund will seek credit rating, reported Arabian Business.
If Qatar Holding obtained a credit rating; then it will be able to borrow separately from Qatar Investment Authority, which has an AA rating from Standard & Poor’s and an Aa2 rating from Moody’s.
However, if the company proceeds with the move, it will have to submit more data, as any ratings agency would likely need some degree of disclosure from the fund.
It is worth noting that at the end of 2012, Qatar Holding, which has stakes in mining firm Xstrata and luxury department store Harrods, had zero debt on its balance sheet.
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