International credit ratings agency S&P Global has affirmed Ras Al Khaimah's credit rating at 'A/A-1' with a stable outlook for 202, reflecting confidence in the Emirate's economic resilience and prudent fiscal management amid current global uncertainties.
Ras Al Khaimah, UAE © Mena Today
International credit ratings agency S&P Global has affirmed Ras Al Khaimah's credit rating at 'A/A-1' with a stable outlook for 202, reflecting confidence in the Emirate's economic resilience and prudent fiscal management amid current global uncertainties.
The agency highlighted continuity in government policy, strong fiscal buffers and the Emirate's capacity to adjust expenditure as key factors underpinning the rating, citing its successful fiscal management during the COVID-19 pandemic as a benchmark. S&P forecasts that Ras Al Khaimah will maintain fiscal surpluses averaging 3% of GDP over the 2026-2029 period, with interest burden remaining below 5% of government revenue.
"Affirming Ras Al Khaimah's rating reflects global confidence in our Emirate's ability to navigate current developments, guided by the wise and forward-looking leadership of Sheikh Saud bin Saqr Al Qasimi," said a government spokesperson.
The report also noted progress on long-term institutional development, including the establishment of the RAK Statistics Centre, as evidence of the Emirate's commitment to building robust economic foundations.
Ras Al Khaimah has maintained an 'A range' credit rating continuously since 2008, underpinned by a diversified economy spanning multiple sectors, from SMEs to major international corporations, reinforcing its position as one of the UAE's most stable and attractive investment destinations.
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