The United Arab Emirates Receives Highest Sovereign Rating in the Region at Aa2: Moody’s

Moody’s Investors Service (Moody’s) has rated the United Arab Emirates (UAE) Aa2 for creditworthiness, the highest sovereign rating in the region, with a Stable Outlook for the economy.

The UAE’s credit strength is buoyed by the country’s internal stability, solid and diverse international relations, as well as the high gross domestic product (GDP) per capita, Moody’s noted. The rating was also driven by the UAE’s robust institutional effectiveness led by diversification of the country’s revenue base and the spearheading of reforms, according to Moody’s.

Moody’s noted that the Stable Outlook for the economy is supported by expected opportunities resulting from on-going diversification initiatives, as well as the s...