According to Fitch, Standard & Poor's and Moody's
Abu Dhabi has the highest sovereign rating in the "GCC countries"
Moody's: Abu Dhabi's rating is supported by its strong budget. Archival
Arabian Gulf Business Insight has published the results of three global rating agencies on sovereign wealth funds in the Gulf Cooperation Council (GCC).
According to the three major U.S. rating agencies Fitch, Moody's and Standard & Poor's Global, Abu Dhabi has the highest sovereign rating in the GCC.
Arabian Gulf Business Insight revealed that Abu Dhabi ranks highest in the sovereign rating among the three rating agencies, while Moody's says its rating of Aa2 is supported by Abu Dhabi's strong balance sheet and net credit position.
Fitch's AA rating likewise reflects Abu Dhabi's high GDP per capita and strong fiscal and external standards.
The three rating agencies have similar systems, although there are differences in the way their ratings are transmitted.
According to Arabian Gulf Business Insight, a sovereign credit rating is an assessment of a country's creditworthiness. It is applied to all government-issued bonds.
The ratings are important guides for institutional investors around the world who use them as benchmarks, and for many pension funds.