18 January 2023

QCPA Organizes International Credit Rating Agencies Conference on Jan 23

  • QNA-DrHashemSayed-18-1-2023

Doha, January 18 (QNA) - Qatar Association of Certified Public Accountants (QCPA), in partnership with the Global Compliance Institute (GCI), Standard and Poor's, and Moody's, will organize the international credit rating agencies conference on Jan. 23 at Ritz-Carlton Hotel.
The conference will discuss several aspects, including a review of the work of rating agencies and their experience at the level of countries and companies, the criteria used in rating operations, the value of rating at the level of credit and investment, the importance of rating in light of financial and economic crises, and the role of credit rating agencies in assessing financial values and their impact on the functioning of financial markets. In addition, the conference will highlight the economy's strength and its investment attractiveness in light of the good credit ratings granted by international credit rating agencies.
Being held for the first time in the State of Qatar, the conference will attract elite experts and specialists in the economic and financial sector to highlight the latest trends in investment and credit ratings.
In this regard, QCPA Chairman Dr. Hashim Al Sayed said that this gains its importance in light of the financial, economic, geopolitical, supply chain, inflation, and the effects of the COVID-19 crisis as countries seek to prove their credit and investment worthiness so that they can obtain financing from international bodies and institutions to prevent these crises and mitigate them with minimal losses and without disrupting the development process.
He indicated that under these circumstances, high-rating companies or countries could obtain low-rate finance compared to other low-rating countries or companies. He explained that a high rating motivates international investors and lenders to underwrite strongly in the offering issued by these countries, as well as create a climate of confidence in the country's economy for capital, thus attracting new cash and investment flows, which in turn raises the value of its currency, pointing out that the role of specialized international credit rating agencies lies in providing this credit rating or credit worthiness.
Al Sayed added that the conference also aims to promote the State of Qatar and emphasize the strength of the Qatari economy and its reliance on strong foundations that protect it from variable changes, enabling Qatar to enjoy a high rating based on a set of factors, most notably the record rise in energy prices, the increasing global demand for liquefied natural gas (LNG), the increase in private sector exports, bringing a higher demand on its products in world markets and leading them to expand their projects and financing, which is reflected positively on the financial conditions, and the accumulated sovereign financial assets of the Qatar Investment Authority. Thus, the Qatari economy will be commended by all international institutions and bodies, enhancing Qatar's investment attractiveness and consolidating its position as a regional hub for foreign investment. (QNA)


Economy, Qatar
Cookies help us improve your website experience.
By using our website, you agree to our use of cookies.