Sunday 10 May 2015

S&P reaffirms positive sovereign credit ratings for Sharjah | The National

S&P reaffirms positive sovereign credit ratings for Sharjah | The National:



"Standard & Poor’s (S&P) has reaffirmed the A/A-1 long- and short-term foreign and local currency sovereign credit ratings for Sharjah and maintained its stable outlook.



“The ratings are supported by Sharjah’s continued solid growth and low government debt burden,” said S&P in a statement late on Friday.



“Also underpinning the ratings are the advantages Sharjah derives from its membership in the United Arab Emirates, which include low external risks.”"



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