VOL. XLVI

No 20

19-May-2003

RATINGS

Capital Intelligence Upgrades UAEs Sovereign Rating

Capital Intelligence announced on 13 May that it had raised the UAEs long-term foreign currency rating to A+ from A and its short-term foreign currency rating to A1 from A2.The ratings agency also assigned a long-term local currency rating of A+ to the sovereign and a short-term local currency rating of A1. The long-term outlook is stable. The UAE's ratings reflect the country's substantial hydrocarbon...