By: Hanan Mohamed

Doha-Mubasher: The ratings that Industries Qatar (IQ) received from Moody's Investor Services and Standard & Poor's (S&P) showed its strong performance and solvency, said market analyst Ahmed Akl.

S&P affirmed IQ’s long term rating at “AA-“ with a stable outlook, while Moody's updated its credit opinion on IQ's rating to “Aa3” with a stable outlook.

Maintaining these positive ratings shows the company’s strong position, despite IQ’s low profits and reserves and falling oil prices.

The ratings are of interest for the investor rather than the speculator as they give a future outlook in the long run.

The company’s stock is about to rise for the fourth session in a row as it gained 1.23% to QAR 1.70 by 12:00pm Doha time. Trading volume reached 63,590 million shares at a turnover of QAR 9 million.

Translated by: Julian Nabil