Fitch affirms Abu Dhabi’s AA credit rating with stable outlook
Fitch Ratings , one of the world’s leading international credit rating agencies, has affirmed Abu Dhabi’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'AA' with a Stable Outlook. The agency highlighted the Emirate's strong fiscal metrics and high GDP per capita, noting that Abu Dhabi maintains high net sovereign foreign assets alongside low government debt compared to peer rated…
Fitch Ratings has reaffirmed Abu Dhabi's Long-Term Foreign-Currency Issuer Default Rating (IDR) at AA, maintaining a Stable Outlook. The rating reflects the emirate's robust fiscal metrics, including a high GDP per capita and a substantial net sovereign foreign asset base. Fitch attributed the Stable Outlook to Abu Dhabi's resilience in maintaining external and fiscal reserves, even during the US-Iran war, which underscored the stability of oil export revenues.
The agency anticipates revenue growth from higher oil production to outpace spending, projecting a fiscal surplus of 7.1% of GDP by 2026. Fitch's outlook projects that Abu Dhabi's debt levels will remain low, with sovereign foreign assets estimated at around 300% of GDP by the end of 2025, significantly higher than the AA-rated peers' average of 45.1%.
The rating reaffirms Abu Dhabi's strong financial position and creditworthiness, signaling confidence from international institutions in the emirate's ability to meet its debt obligations.
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