Qatar: Qatar's gas shipping group Nakilat has retained its high-grade credit ratings from Standard and Poor's, underlining the company's financial strength amid steady global demand for liquefied natural gas (LNG).

According to Qatar News Agency, in a statement published on the Qatar Stock Exchange on Wednesday, Nakilat said that S and P Global Ratings had affirmed the long-term issue credit rating of its subsidiary, Nakilat Inc., at AA-. The agency also confirmed the company's subordinated debt rating at A+, maintaining a stable outlook on both ratings.

Nakilat Inc. is a subsidiary of Qatar Gas Transport Company (Nakilat), one of the world's largest owners of LNG carriers. The parent company is listed on the Qatar Stock Exchange. An AA- rating indicates a very strong capacity to meet financial commitments, with only a very low expectation of credit risk. The A+ rating assigned to the subordinated debt reflects its lower repayment priority compared with senior secured obligations.

S and P's stable outlook suggests the agency expects the company's financial profile and cash flows to remain resilient over the near to medium term. Nakilat plays a central role in transporting Qatar's LNG exports to global markets, forming part of the Gulf state's broader strategy to maintain its position as one of the world's leading LNG producers.