Standard & Poor's S&P Global Ratings affirmed Abu Dhabi's long-term credit rating at AA, and A-1+ on the short-term, both of which are high investment grade ratings, with a stable outlook.
The agency stated that one of the most important justifications for this classification is that Abu Dhabi currently owns assets, the percentage of whose net gross domestic product exceeds the emirate's gross domestic product by a huge difference, which leads to the support of a proactive approach in making economic policies, according to Al Bayan newspaper.
In its report, the agency expected that Abu Dhabi's financial buffers would remain strong, with regard to the stable future outlook for Abu Dhabi.
She indicated that this outlook reflects her expectations that Abu Dhabi's financial position will remain strong over the next two years at least.
The agency added, in its report, that it evaluates the contingent liabilities owed by Abu Dhabi as being limited in relation to its net assets.
It is noteworthy that Moody's affirmed the long-term sovereign credit rating of the UAE at Aa2, while giving it a stable outlook.
