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S&P keeps UAE at AA credit score
Standards and Poor's Global has affirmed the sovereign credit rating of the United Arab Emirates at "AA /A-1+" with a stable outlook, anticipating real GDP growth of 8% in 2027. The agency highlighted that high financial resilience, foreign reserves, and sovereign wealth funds ensure flexibility in facing geopolitical shocks. Sovereign assets are concentrated at approximately 147% of GDP, with liquid assets reaching 170%. Public debt remains low at 26% of GDP, with an expected average fiscal surplus of 2.3% from 2026 to 2029, and the current account surplus is projected to rise to 15.8% in 2029, supported by increased oil production and expanded export capacities. Additionally, the non-oil sector is expected to grow between 3% and 4% over the same period. The banking system remains strong, with foreign assets totaling $247 billion.
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