Moody's Maintains UAE Aa2 Rating

Moody's credit rating agency confirmed the UAE government's rating at Aa2, attributing this to the strength of the UAE economy and high per capita income, as well as the diversification of the economic base and the effectiveness of government policies. The agency maintained the ratings with a stable outlook, based on a scenario anticipating continued disruptions in trade movements across the Strait of Hormuz without causing widespread damage to vital infrastructure, supported by large financial reserves and plans to increase non-oil revenues.

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