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Moody's rates UAE's credit profile at 'Aa2', economic strength at 'aa3'

Moody's rates UAE's credit profile at 'Aa2', economic strength at 'aa3'
The rating agency has rated the UAE's fiscal strength at 'aa1'

UAE - Mubasher: Moody's Investors Service (Moody's) has assigned the UAE government's credit profile at 'Aa2' stable and the country's economic strength at 'aa3', according to Moody's annual credit analysis.

The 'Aa2' rating of the UAE government shows the strong balance sheet, high level of GDP per capita, and domestic political stability, alongside strong international relations.

Meanwhile, Moody's rating of the UAE's economic strength reflects the country's high-income level, significant hydrocarbon reserves, and distinct infrastructure.

In addition, the rating agency has rated the UAE's fiscal strength at 'aa1' from the initial 'aa3', while institutions and governance strength was given 'a2' rating.