Moody’s Rates UAE Government Aa2 Stable Outlook

Moody’s Rates UAE Government Aa2 Stable Outlook

The UAE government received an Aa2 rating in creditworthiness – which is the highest sovereign rating in the region – with a stable outlook for the national economy by the international rating agency, Moody's. This is another testament to the success of the country's financial and economic vision and policies, and the strength and stability of its economic, financial and credit sectors.

H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, confirmed that this new classification reflects the strength and resilience of the country's economy and its ability to overcome various challenges – especially in light of the exceptional circumstances that the world is witnessing due to the COVID-19 pandemic. H.H. noted that this rating has proved beyond any doubt the solid foundations of the nation's public finances. H.H. affirmed the success and effectiveness of the proactive policies and measures taken by the federal government to deal with the effects of the pandemic, to continue achieving economic targets and pushing forward comprehensive and sustainable development, making the UAE a model to