Monday 20, January 2014 by Matthew AmlĂ´t

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.