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S & P Global Credit Ratings maintained the negative outlook for Qatar's economy as the country's system continued to use huge financial and external assets to mitigate the impact of the international boycott by the antiterrorist countries.
The negative outlook for Qatar is mainly due to geopolitical risks and the possible consequences of diplomatic tensions based on economic and financial conditions.
Moody's Investors Service downgraded Qatar Commercial Bank and Doha Moody Bank's degraded Qatar's basic commercial credit rating due to pressure on the creditworthiness of the bank due to the deterioration of the quality of assets, low profitability and the reduction of capital adequacy. [19659] 002] Moody's also degraded Doha Bank's long-term deposits due to a decline in asset quality and capital adequacy and maintained a negative outlook for The Bank
The decline in deposits of non-residents has been 24% since the beginning of Doha in June 2017, the most significant impact Negative on the economy According to the International Monetary Fund , Qatari banks lost nearly $ 40 billion, with Qatar Central Bank's reserves dropping 17 percent since the beginning of the crisis, from more than $ 45 billion in 2016 to less than $ 37 billion .
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