29 Jan 2012
(MENAFN) Moody’s Investors Service’s said that the long-term foreign and local currency issuer ratings of Abu Dhabi are Aa2, reported Arab News.
The agency added that high ratings resulted from the strength of the government’s balance sheet, as Abu Dhabi has little direct or explicitly guaranteed debt, moreover, it has one of the largest sovereign wealth funds in the world with over USD300 billion of assets.
Furthermore, the capital of the UAE has one of the highest gross domestic products (GDP) per capita in the world; also, it has a long history of domestic political stability and enjoys strong relations with other emirates in the UAE, most neighboring countries and the major global countries.
It also said that ratings of Abu Dhabi have a stable outlook, adding that due to the emirate’s very strong fiscal position, its Aa2 rating has not been affected by the debt problems of some of Dubai’s government-related issuers.
It is worth noting that Moody’s also said that Abu Dhabi’s Senior Unsecured (foreign currency) rating was Aa2, while Senior Unsecured MTN Program (foreign currency) rating was (P) Aa2, Other Short Term (foreign currency) ratings were (P)P-1, and Short Term Issuer (domestic and foreign currency) ratings were P-1.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more