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Sovereign Wealth Funds Briefing - Categorized | Market

Qatar Holding to seek credit rating, didn’t have debt last year

Posted on 20 February 2013

Qatar Holding LLC, the foreign investment arm of the country’s sovereign wealth fund, plans to seek a credit rating from Standard & Poor’s and Moody’s Corp (MCO) in the “next few months” and had zero corporate debt on its balance sheet at the end of last year, the fund’s chief executive officer said.
“We have never been highly leveraged,” Ahmad Mohamed Al-Sayed, the fund’s chief executive officer, said in a phone interview with reporters. “In 2012, the balance sheet had zero corporate debt.”………………………………….Full Article: Source


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