The UAE is ranked high by international credit rating institutions like Fitch Rating and Moody’s with a stable outlook. The rating reflects the creditworthiness of the federal government entities and their ability to draw plans for the country’s sustainable growth.
In August 2023, Fitch Ratings Inc., the US credit rating agency, rated the federal government of the UAE AA- with a Stable Outlook. The 'AA-' rating reflects the UAE's moderate consolidated public debt level, strong net external asset position and high GDP per capita. The rating is owing to Abu Dhabi's sovereign net foreign assets, which are among the highest of Fitch-rated sovereigns.
Fitch evaluates the creditworthiness on the consolidated fiscal and external position of all the emirates, as is standard practice for federal entities, as well as the federal government’s standalone fiscal position and institutional set up.
Source: Fitch Ratings.
In May 2023, the UAE Government received an Aa2 rating in creditworthiness, with a stable outlook for the national economy by the international rating agency, Moody's. The UAE received the highest sovereign rating in the region.
Source: Moody's.
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