Qatar: The QE 20 Index halted a 3-day losing streak Tuesday, closing 0.58% higher at 8,549.12 points, mostly driven by banks and industrials. Ooredoo closed even at QR109.90. Earlier in the day Qatar's first telecom firm said rating agency Fitch affirmed Ooredoo's 'A+' rating (investment grade) with a stable outlook. "As previously announced, Standard and Poor's (S&P) re-affirmed Ooredoo a 'A' long term and 'A-1' short term rating (negative outlook), while Moody's re-affirmed a 'A2' rating with a stable outlook," said Ooredoo in an e-mailed statement. Qatar's minister of finance Yousef Hussain Kamal said in Dubai the Gulf state, a major gas supplier, deserved a 'AAA' sovereign rating (like Germany, Australia, Canada or Switzerland). On Feb. 11 2013, S&P affirmed Qatar's 'AA'-rating with a stable outlook. [AMEInfo.com]
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