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Moody's credit opinion on the UAE
Saturday, 28 January 2012
Moody's foreign and local currency issuer ratings for the federal government of the UAE are Aa2. These high, investment grade ratings are based on Moody's assumption that the government of Abu Dhabi, the richest of the seven emirates that compose the UAE, stands fully behind the federal government. Given this assumption, Moody's links its ratings of the federal government to those of the government of Abu Dhabi (also rated Aa2 with a stable outlook).
Abu Dhabi's sovereign ratings are supported by the emirate's very strong government balance sheet and abundant hydrocarbon resources. Read full story
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