Moody’s Ratings (Moody’s) says QatarEnergy’s (Aa2 stable) credit quality remains resilient despite the effective closure of the Strait of Hormuz and damage to some production assets from missile strikes on 18-19 March. QatarEnergy’s Aa2 long-term issuer ratings and aa2 Baseline Credit Assessment (BCA) are supported by the very close interlinkage between QatarEnergy and the Government of Qatar (Aa2 stable), a very strong low-cost operating profile, a robust balance sheet and a large cash buffer.