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UAE Gets First Rating From Fitch Ahead of Federal Bond Sale

  • UAE rated AA- at Fitch, the fourth-highest investment grade
  • Fitch cites likelihood of support from Abu Dhabi if needed
General Economy In Abu Dhabi

Photographer: Alex Atack/Bloomberg

Updated on

The United Arab Emirates was assigned the fourth-highest investment grade at Fitch Ratings as the Gulf nation prepares to issue a federal bond for the first time.

The company ranked the sovereign AA- with a stable outlook. It cited moderate consolidated public debt levels, a solid external asset position, and the likelihood of support from the nation’s capital Abu Dhabi if needed. Moody’s Investors Service rates the UAE at Aa2, its third-highest investment grade.