Qatar to launch rating firm for domestic debt issuers

The entity will be a joint venture between Qatar's central bank and Qatar Holding
Qatar to launch rating firm for domestic debt issuers
Qatar will establish an assessment and rating company for domestic non-government debt issuers and institutions.
By Reuters
Tue 18 Sep 2012 04:53 PM

Qatar will establish an assessment and rating company for domestic non-government debt issuers and institutions, the Gulf state's central bank governor said on Tuesday.

The entity will be a joint venture between Qatar's central bank and Qatar Holding, the investment arm of the country's sovereign wealth fund, Sheikh Abdullah bin Saud al-Thani said at a conference in Doha.

"This is part of our effort to create an institution that will supervise the valuation of domestic issuers and bonds. It will be for local non-government institutions," he said, adding that the company would be launched in 2013.

The country will also form a committee to encourage the development of its capital markets, he said.

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