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...
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