Credit rating agency Moody’s is concerned about the impact of the dispute between Qatar and the GCC states on the country’s credit outlook, as trade and capital flows are interrupted, a senior Moody's analyst told Reuters on Monday.
"There is a high degree of uncertainty. There's not much clarity on what could resolve this spat between Qatar and other GCC countries," Mathias Angonin said, according to the agency.
In March 2014, Saudi Arabia, Bahrain, and the UAE had withdrawn their ambassadors from Qatar, which resulted in "no credit implications," Angonin added.
However, the cut in ties between Qatar and Egypt, Saudi Arabia, Bahrain, and the UAE this time around may have a credit-negative implication, as sea, air, and land routes are blocked, the analyst added.
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