Moody's maintains UAE at Aa2 stable
Moody's Investors Service today confirmed the stable ratings of my governments, Abu Dhabi and Sharjah, at levels Aa2 and Ba1, respectively, with a stable outlook. The ratings reflect high per capita income, economic diversification, and support from substantial financial reserves. However, challenges include dependence on oil and ongoing geopolitical risks in the Middle East. The ability to absorb shocks and maintain debt repayment capacity remains strong, despite risks related to the main source of income.
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