Middle East Economic Survey

VOL. LII

No 39

28-Sep-2009

UAE

Fitch Affirms Abu Dhabis AA Ratings, Stable Outlook

Fitch Ratings affirmed Abu Dhabis long-term foreign currency Issuer Default Rating (IDR) at AA with a stable outlook on 16 September. The long-term local currency IDR is also affirmed at AA, with a stable outlook and the short-term foreign currency IDR at F1+. The UAE country ceiling, which applies to Abu Dhabi, is affirmed at AA+.

Fitch maintains that Abu Dhabis sovereign net foreign asset...