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 maintained Abu Dhabi's Long-Term Foreign-Currency Issuer Default Rating (IDR) at AA with a stable outlook. The agency praised the Emirate's robust fiscal metrics, high GDP per capita, and strong net sovereign foreign assets, which exceed 300% of GDP by the end of 2025. Fitch expects revenue growth from oil production to outpace spending, leading to a projected budget surplus of 7.1% of GDP by 2026.
The rating reflects Abu Dhabi's resilience in handling geopolitical challenges, as oil export revenues remained strong during the US-Iran war. The agency expects the economy to continue expanding, with non-oil growth bolstered by higher hydrocarbon output and infrastructure projects funded by government-related entities.
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