Middle East Economic Survey

VOL. LII

No 48

30-Nov-2009

UAE

S&P Affirms AA/A-1+ Rating For Abu Dhabi

Standard & Poors Rating Services (S&P) has affirmed its AA long-term and A-1+ short-term rating for the emirate of Abu Dhabi, it said on 25 November, citing high levels of political stability, wealth and resource endowment. The ratings agency estimates the emirates net asset position to be more than 300% in 2009 and 320% in 2010, one of the highest among rated sovereigns, with Abu Dhabi...