Blitz Bureau
NEW DELHI: The UAE has maintained its Aa2 sovereign credit rating with a stable outlook despite ongoing regional geopolitical conflict, according to the credit rating agency Moody’s Ratings, reported WAM.
According to the Ministry of Finance, the review reassessed the appropriateness of the current rating, which remains unchanged at Aa2 with a stable outlook, reflecting continued global confidence in the strength of the UAE’s economy and the sustainability of its fiscal policies. Moody’s has clarified that this periodic review does not constitute a credit rating action, but reflects its ongoing assessment of the UAE’s credit profile based on recent developments and applicable methodologies.
The review highlighted several key strengths underpinning the UAE’s creditworthiness, including high per capita income, robust institutional frameworks, and effective policymaking that supports continued economic diversification and competitiveness. It also underscored the federal government’s very low debt burden and strong financial position, supported by substantial fiscal reserves accumulated over years of budget surpluses.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said that the completion of Moody’s periodic review, with no change to the current rating and a stable outlook, reflects the UAE’s strong institutional framework and its track record of effective governance and policymaking.
He noted that the UAE’s fiscal strength is anchored in the federal Government’s very low debt burden and its consistent track record of maintaining balanced budgets, reinforcing its resilience amid evolving regional and global challenges.
