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Fitch Maintains UAE Outlook
Fitch Ratings has decided to reaffirm the country’s sovereign credit rating at "-AA" with a stable outlook, highlighting the strength of the nation’s economic and financial foundations and its resilience in facing global shocks. The agency pointed out the continued decline in government debt and the increase in external assets, which amount to approximately 164% of GDP. The UAE economy continues to diversify into non-oil sectors such as tourism, services, and technology, supporting its stability and reducing its dependence on global oil prices. The agency forecasts a consolidated budget surplus of 4.5% of GDP in 2026, despite increased government spending.
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