Qatar crisis a negative for all countries involved: Moody's

Rating agency Moody's said in a report released Wednesday that the three-month-old diplomatic dispute between Qatar and other Arab states has created uncertainty across the Gulf region and could negatively affect the credit outlook of all the countries involved.
The report by Moody's Investors Service said persistent tensions between Qatar and its neighbors will have the biggest impact on Qatar and the island-nation of Bahrain, which has been roiled by low-level unrest since 2011.

The rating agency estimates Qatar has injected close to $40 billion, or close to 12 percent of its financial reserves, to support the economy in the first two months of the standoff. It said that $30 billion flowed out of Qatar's banking system in those months of June and July, with further declines expected.