Abu Dhabi’s Rating Affirmed ‘AA’ With Stable Outlook at Fitch

Abu Dhabi’s long-term foreign currency issuer default rating was affirmed at ‘AA’ with a stable outlook at Fitch Ratings.

“Abu Dhabi’s strong balance sheet enables it to weather most conceivable shocks,” said Charles Seville, associate director in the sovereign group at Fitch. The United Arab Emirates’ country ceiling, which applies to Abu Dhabi, was affirmed at ‘AA+’.END