Standard & Poor's Ratings Services Affirms AA- Rating with a Stable Outlook

DOHA, QATAR - Industries Qatar ("IQ" or "the group"; QE: IQCD), one of the region's industrial giants with interests in the production of a wide range of petrochemical, fertiliser and steel products, announced that international credit rating agency Standard & Poor's Ratings Services (S&P) has affirmed its AA- long term rating with a stable outlook.
S&P affirms the rating based on their annual review of Industries Qatar's current and future financial and operational performance and has considered several factors in assigning and maintaining the current rating and outlook including the company's liquidity profile, robust cash flow generation ability, strong competitive market position, greater integration with the parent entity and its close relationship with the government of Qatar.


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