Middle East Economic Survey


No 1



Moodys Upgrades UAE Sovereign Rating And Four UAE Banks

Ratings agency Moodys on 21 December raised the long-term foreign currency country ceilings for bonds and bank deposits of the UAE to A1 from A2. Moodys also upgraded the short-term foreign currency country ceiling to Prime-1 from Prime-2, as well as the foreign currency issuer rating of the government to A1 from A2. The outlook on all of these ratings is stable. Moodys says the...