Sunday 12 July 2015

Abu Dhabi government’s AA rating confirmed by Fitch | The National

Abu Dhabi government’s AA rating confirmed by Fitch | The National:



"Fitch Ratings has once again maintained Abu Dhabi government’s AA investment grade, citing its ability to weather weaker oil prices, robust foreign sovereign assets, small budget deficit and strong GDP growth.



The outlook on the emirate’s long-term foreign and local currency issuer default ratings and senior unsecured foreign and local currency bonds were rated AA and stable.



The last rating from Fitch in February also affirmed Abu Dhabi’s AA grade."



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