Fitch Rates UAE Outlook Stable ‘-AA’

Fitch Rates UAE Outlook Stable ‘-AA’

United Arab Emirates, UAE: Downtown of Dubai in the sunset

Fitch Ratings Inc., the US credit rating agency, has rated the federal government of the UAE at -AA with a Stable Outlook.

The move reflects the creditworthiness of the federal government entities and their vibrant resilience to draw plans necessary for sustainable growth while maintaining the highest performance standards for credit control backed by a large group of factors of strength.

The UAE's strong rating score at this important time underscores the state's great ability