{"id":101910,"date":"2025-03-21T00:00:00","date_gmt":"2025-03-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/moodys-affirms-uae-and-abu-dhabis-govt-credit-ratings\/"},"modified":"2025-03-21T00:00:00","modified_gmt":"2025-03-21T00:00:00","slug":"moodys-affirms-uae-and-abu-dhabis-govt-credit-ratings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/03\/21\/moodys-affirms-uae-and-abu-dhabis-govt-credit-ratings\/","title":{"rendered":"Moody\u2019s affirms UAE and Abu Dhabi\u2019s gov\u2019t credit ratings"},"content":{"rendered":"

Credit ratings agenc<\/strong>y Moody\u2019s affirmed the UAE government\u2019s Aa2 rating <\/strong>for long-term local and foreign currency issuances with a stable outlook<\/strong>, it said in a statement seen by EnterpriseAM UAE. Ratings for foreign currency senior unsecured debt stayed at Aa2, while the medium-term note program kept its (P)Aa2 rating as well.<\/p>\n

The rationale: <\/strong>The government\u2019s adherence to a balanced budget policy and limited spending due to fiscal decentralization keep its debt burden low, the agency said. Potential risks like the energy transition, regional geopolitical tension, and a drop in oil prices are offset to a certain extent by economic diversification efforts to promote non-hydrocarbon sectors, encourage FDI inflows, and establish itself as a transport, logistics, and financial services hub.<\/p>\n

The rating emphasized Abu Dhabi\u2019s role in bolstering the UAE federal government\u2019s overall outlook<\/strong> thanks to its strong balance sheet, however it noted that 80% of the emirate\u2019s total fiscal revenue comes from oil and gas.<\/p>\n

Speaking of Abu Dhabi<\/strong>, Moody\u2019s also affirmed its government\u2019s Aa2 rating for long-term local and foreign currency issuances with a stable outlook. Likewise, its foreign currency senior unsecured debt ratings stayed at Aa2 and its short-term local and foreign currency issuer ratings at P-1.<\/p>\n

The emirate\u2019s large financial assets and low debt were behind the decision<\/strong>, and Moody\u2019s said low fiscal breakeven oil prices, prudent spending, and large financial assets would help the emirate weather any economic shocks like fluctuating oil prices affecting its hydrocarbon-reliant economy. As a strong competitor in the oil market, the emirate is likely to still generate income from the sector despite the green transition.<\/p>\n","protected":false},"excerpt":{"rendered":"

The rating for both governments was affirmed as Aa2 with a stable outlook<\/p>\n","protected":false},"author":1,"featured_media":101911,"comment_status":"","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":[1546],"tags":[1360,1250,1391,68,7,386],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-abu-dhabi","tag-credit-ratings","tag-debt","tag-debt-watch","tag-enterpriseam-uae","tag-moodys","wpautop","entry"],"acf":{"mongo_id":"f723ef8f-d877-4c50-bbb6-f7a4b9774cb2","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/683.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Moody\u2019s affirms UAE and Abu Dhabi\u2019s gov\u2019t credit ratings","related_issue":[101905],"teaser":"The rating for both governments was affirmed as Aa2 with a stable outlook","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.35337e97-2ffd-4b18-adbc-d3073e4ceae5.mp3"},"yoast_head":"\nMoody\u2019s affirms UAE and Abu Dhabi\u2019s gov\u2019t credit ratings - 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