BRIEF-Fitch Places QatarEnergy's 'Aa' Rating On Rating Watch Negative

- Fitch:

  • FITCH PLACES QATARENERGY'S 'AA' RATING ON RATING WATCH NEGATIVE

  • FITCH ON QATARENERGY: EXPECT QE CAN STILL MANAGE DAMAGE INCURRED IN SCENARIO OF TWO-MONTH CLOSURE OF STRAIT OF HORMUZ

  • FITCH ON QATARENERGY: CO'S CREDIT PROFILE REMAINS BOLSTERED BY ITS VERY PRUDENT FINANCIAL PROFILE AND STRONG LIQUIDITY

  • FITCH ON QATARENERGY: BELIEVE QE WILL BE ABLE TO REDUCE DIVIDENDS TEMPORARILY IN 2026

  • FITCH ON QATARENERGY: EXPECTATION OF VERY STRONG CASH FLOW ONCE STRAIT OF HORMUZ RE-OPENS, AND AN OTHERWISE VERY STRONG BUSINESS PROFILE

  • FITCH ON QATARENERGY: ASSUME REPAIRS TO BRING CAPACITY BACK ONLINE AFTER LNG PRODUCTION SHUT DOWN DUE TO IRAN WAR MAY TAKE UP TO SEVERAL YEARS