Abu Dhabi assured Moody's that its financial assets are worth at least double the value of the Gulf emirate's gross domestic product, well above the external debt of the United Arab Emirates, the rating agency said on Tuesday.
The UAE federation's debt has more than tripled since 2005 fuelled by ambitious projects of Abu Dhabi's neighbour Dubai.
Dubai, shocked markets last month, asking for a repayment freeze on billions of dollars worth of debt at its flagship firms before Abu Dhabi stepped in with a last-minute bailout.
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