Fitch has confirmed the sovereign credit rating of Ras Al Khaimah at Level A with a stable outlook.

According to the Emirates News Agency, the positive rating confirms the financial strength enjoyed by the emirate, including financial reserves, the size of the low government debt and the high per capita share of GDP.

Preserving the classification reflects the stability enjoyed by the emirate of Ras Al Khaimah, as it indicates the correctness of the procedures adopted by the government and the rational leadership therein as it culminates in the Emirate's endeavors to continue The path of growth and development of its vital sectors and strengthening its relations with international bodies and organizations.

These factors provide an encouraging and promising environment for investors and companies currently in the emirate, as well as opening new horizons for investment in the future.

The Ras Al Khaimah government has long been keen to adopt a hedging policy that has contributed to the further reduction of the debt ratio compared to the size of the GDP.

This approach has proven effective over the past decade as government agencies in the emirate continue to work to improve data collection, budget preparation, and financial and administrative planning with a view to enhancing efficiency, transparency, integrity, and achievement Maximum benefit from financial resources.