Middle East Economic Survey

VOL. LIII

No 48

29-Nov-2010

UAE

S&P Affirms Abu Dhabi Sovereign Ratings

Standard & Poors Ratings Services (S&P) has affirmed its sovereign ratings for Abu Dhabi with a stable outlook, citing prudent policy against geopolitical risk and a strong financial position. The agency maintained its AA long-term and A-1+ short-term sovereign credit ratings on the emirate, with its transfer and convertibility assessment unchanged at AA+. S&P also noted the...