DOHA: Qatar plans to have a thriving debt market, and with this objective in mind local credit rating agencies are to be licensed.
Al Sharq reported yesterday that Qatar Central Bank plans to develop a regulatory framework for local credit rating agencies that would be licensed in the near future. The daily said many companies had applied to the central bank for licences to operate as credit rating agencies. Qatar is also keen to woo international financial institutions to help deepen the debt market.
Some government companies are planning to issue bonds.