Fitch reaffirms Abu Dhabi AA credit rating | The National:
"The ratings agency Fitch reaffirmed Abu Dhabi’s AA credit rating, pointing to the country’s vast sovereign wealth fund holdings as an ample buffer against the low oil price.
While the country’s fiscal deficits have widened as the collapse in oil prices drives government revenue lower, Fitch said that a mix of subsidy reforms, drawdowns on reserves and government-related entity deposits, and new local debt issuance mean that the shortfall is manageable.
Fitch also said that the issue ratings on Abu Dhabi’s senior unsecured foreign currency bonds have been affirmed at AA."
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