Qatar to launch rating firm

Sheikh Abdullah bin Saud al-Thani, governor of Qatar’s central bank, has announced plans to set up an assessment and rating company for domestic non-government debt issuers and institutions, Reuters has reported.

The entity will be a joint venture between the central bank and Qatar Holding, the investment arm of the country’s sovereign wealth fund, he said. “This is part of our effort to create an institution that will supervise the valuation of domestic issuers and bonds. It will be for local non-government institutions,” he said, adding that the company would be launched in 2013.

source: Ameinfo

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