Abu Dhabi's credit outlook is stable despite regional unrest, rating agency Standard & Poor's said on Tuesday, adding it had not been mandated by the United Arab Emirates to assign a rating to the Gulf Arab state.
Abu Dhabi, which accounts for more than 60 percent of annual gross domestic product of the UAE, the world's third largest oil exporter, is rated AA by S&P and rival Fitch Ratings.
"It's a stable outlook right now," Moritz Kraemer, head of sovereign credit ratings for Europe at Standard & Poor's told Reuters in an interview. "We think that the risks are fairly balanced, so neither an upgrade nor a downgrade is imminent."
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