US ratings agency Fitch out with a note n Qatar 6 June
- decision by several govts to cut off diplomatic/economic relations with Qatar has no immediate impact on AA/Stable rating
- Qatar's very large sovereign net foreign assets should allow it manage temporary macro-economic disturbance
- economy will suffer if tourism, trade and hospitality visitors dry up as it counts for 50% of all visitors
- Fitch appraisal assumes countries involved in dispute will seek to avoid prolonged standoff in best interests of regional stability
- a general weakening of economic sentiment could hit retail and real estate
Cautious tones understandably.
Full report here
Gulf tensions of obvious concern in an already fragile world
