Middle East Economic Survey
VOL. LIII
No 52
27-Dec-2010
UAE
S&P Affirms Ras Al-Khaimah Ratings, Outlook Stable
Standard & Poors Ratings Services (S&P) affirmed on 22 December its long and short term A/A-1 foreign and local currency sovereign credit ratings on the Emirate of Ras al-Khaimah (RAK), with stable outlook. The transfer and convertibility assessment on RAK is AA+. The affirmation reflects RAKs membership of the UAE, which in our view provides an anchor and potential...
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