Abu Dhabi economy is resilient: Moody’s - Emirates 24/7: "In a recent report, global ratings agency Moody’s Investors Service has hailed Abu Dhabi’s economic stability and the emirate’s prudent management of its hydrocarbon wealth, maintaining that Abu Dhabi’s credit strengths includes economic resilience to global downturns.
In a report published on January 16, 2014, Moody’s says that Abu Dhabi’s Aa2 rating with stable outlook is primarily supported by the prudent management of the proceeds from its vast hydrocarbon reserves. In particular, the rating agency highlights how the proceeds have resulted in structurally large fiscal and external surpluses, a very low level of direct government debt and the sizeable accumulation of sovereign wealth fund assets.
The rating agency’s report is an update to the markets and does not constitute a rating action."
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