Abu Dhabi edges out Saudi as least risky sovereign - ArabianBusiness.com

Abu Dhabi has improved on its position as the least risky sovereign in the MENA region, although Saudi Arabia and Qatar are close behind, according to new research undertaken in the second quarter.

Credit market data provider CMA put the UAE capital’s chances of defaulting on its debts in the next five years at just 6.5 percent, making it the sixteenth least risky sovereign in the world.

Saudi Arabia lies one place behind Abu Dhabi, with a 6.6 percent chance of default. The least risky sovereign is Norway, with a 1.9 percent chance of default, with Scandinavian and European countries packing out the top six.

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