{"id":114844,"date":"2026-05-06T00:00:00","date_gmt":"2026-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=114844"},"modified":"2026-05-06T06:23:23","modified_gmt":"2026-05-06T06:23:23","slug":"uae-qatar-and-jordan-hold-onto-sovereign-ratings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/05\/06\/uae-qatar-and-jordan-hold-onto-sovereign-ratings\/","title":{"rendered":"UAE, Qatar, and Jordan hold onto sovereign ratings"},"content":{"rendered":"

Economies across MENA+ may be contracting (or growing much slower) thanks to the <\/strong>war, but ratings agencies <\/strong>remain convinced they have good long-term prospects. <\/strong>Abu Dhabi, Doha, and Amman\u2019s sovereign credit ratings all received another stamp of approval from credit rating agencies, with Fitch Ratings affirming Abu Dhabi\u2019s long-term sovereign rating at AA with a stable outlook and Jordan\u2019s long-term foreign currency issuer rating at BB-. S&P Global says outlook on Qatar\u2019s long-term credit rating is stable, leaving unchanged its AA rating.<\/p>\n

Abu Dhabi\u2019s strong buffers are a big anchor:<\/strong> Fitch pointed<\/a> to robust fiscal and external metrics even as the emirate steps up spending and borrowing amid regional tensions, according to a press release<\/a>. Government debt is projected to climb to 25.3% of GDP this year from 19.5% in 2025 as the emirate ramps up support for key government-related entities, while sovereign net foreign assets \u2014 estimated at around 291% of GDP \u2014 remain among the highest globally. <\/p>\n

The rating also reflects \u201cthe resilience of oil export revenue during the Iran war,\u201d<\/strong> with the Habshan-Fujairah pipeline keeping crude flowing at up to 1.8 mn bbl \/ d despite the blockade. Fitch flagged \u201csignificant risks of a renewed flare-up\u201d and warned that a structural deterioration in regional security would challenge economic diversification \u2014 the emirate\u2019s high oil reliance is what's holding it back from a higher rating. Fitch sees the economy contracting by around 1% in 2026 before a gradual recovery.<\/p>\n

S&P\u2019s affirmation<\/a><\/strong> of its <\/strong>Qatar rating rests on Doha\u2019s \u201csizable external and fiscal net asset <\/strong>stock positions\u201d<\/strong> anchored by the Qatar Investment Authority and other state funds, which are expected to help the country weather heightened security and trade flow disruption risks tied to the regional conflict. S&P expects Qatar\u2019s economy will contract by 5% in 2026 before rebounding from 2027 as LNG expansion comes online. The stable outlook assumes the conflict stays limited in duration and contained without significant further damage to Qatar's production facilities.<\/p>\n

Jordan held onto its BB- on reform momentum<\/strong>, with Fitch citing<\/a> the country\u2019s track record of macroeconomic stability, continued progress in fiscal and administrative reforms, and access to flexible domestic and international financing. All of these factors are also backed by a strong banking sector and sustained international support. The agency expects growth of around 2.6% in 2026 and inflation averaging 2.2% across 2026-2027. <\/p>\n","protected":false},"excerpt":{"rendered":"

The ratings affirmations came in even as economies face slowdowns<\/p>\n","protected":false},"author":1,"featured_media":114845,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2696],"tags":[2695,2538,2615,2690,2689,2565,2562],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-114844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-jordan","tag-macroeconomics","tag-pmi","tag-qatar","tag-uae","wpautop","entry"],"acf":{"mongo_id":"f097cdf3-dbd9-44c7-b83b-b7c0341e2448","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/5\/305.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Holding 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