Abu Dhabi's sovereign credit ratings have been affirmed by Standard & Poor's at 'AA' long-term and 'A-1+' short-term with 'Stable' outlook, Khaleej Times has reported. S&P has cited the very strong asset position of the emirate's government, which provides significant financial flexibility. "The stable outlook on Abu Dhabi balances the Emirate's strong financial position and prudent policies against geopolitical risks, high contingent liabilities, and potential impediments to growth stemming from undeveloped institutions," S&P credit analyst Luc Marchand said.
You might also like...
UAE rides high on non-oil boom
26 April 2024
Qiddiya evaluates multipurpose stadium bids
26 April 2024
Al Ula seeks equestrian village interest
26 April 2024
Morocco seeks firms for 400MW wind schemes
26 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.