Monday 20, January 2014 by Matthew Amlôt

Moody's: Abu Dhabi creditworthiness supported by strong government finances and hydrocarbon wealth

In a report published on January 16, 2014, Moody's Investors Service says that Abu Dhabi's Aa2 rating with stable outlook is primarily supported by the prudent management of the proceeds from its vast hydrocarbon reserves. In particular, the rating agency highlights how the proceeds have resulted in structurally large fiscal and external surpluses, a very low level of direct government debt and the sizable accumulation of sovereign wealth fund assets.

Features & Analyses

Investments A new class for BRVM

The West African Economic and Monetary Union has just been bumped to Frontier Market status, joining just five other African markets… read more