The UAE’s Ministry of Finance announced that the world’s top three credit rating agencies have assigned strong and stable sovereign credit ratings to the nation. This reflects the continued international confidence in the strength of the UAE economy and the sustainability of its fiscal policies.
S&P Global announced on June 17 that it assigned the UAE’s sovereign rating at “AA” with a stable outlook. In its annual review for 2025, Moody’s affirmed the country’s rating at “Aa2” with a stable outlook. Meanwhile, Fitch Ratings affirmed the UAE’s rating at “AA-” with a stable outlook on June 24.
This consensus by all three major global credit rating agencies highlights the UAE’s advanced fiscal standing and strengthens its position among the few countries globally with strong sovereign credit ratings from all three top agencies.
“The affirmation of the UAE’s strong sovereign rating by the world’s top three international credit rating agencies, and their consensus on a stable outlook, reflects the deep-rooted international confidence in the resilience of our national economy and the efficiency of our fiscal policies,” said H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance.
Long-term strategic planning ensures growth
Sheikh Maktoum affirmed that the UAE continues to implement economic policies grounded in diversification, transparency and fiscal discipline, with a strong focus on increasing non-oil revenues and achieving financial sustainability. This reflects the integrated performance of government entities and long-term strategic planning, which continue to reinforce the UAE’s position as a flexible and credible global economic hub.
“At the Ministry of Finance, we remain committed to working closely with all government entities to enhance the efficiency of resource management, develop productive sectors and improve the country’s investment appeal. The development of the sovereign yield curve for the dirham was a major milestone in enhancing market transparency, providing investors with a reliable benchmark for pricing dirham-denominated debt instruments,” he added.
This strengthens the UAE’s presence on the global economic map and reinforces its ability to confidently navigate regional and international changes and challenges, by expanding the investor base and enhancing the country’s reputation as a reliable and attractive destination in global capital markets, Sheikh Maktoum explained.
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Non-oil revenue expansion key to strong ratings
The credit ratings confirm the UAE’s ability to diversify and boost non-oil revenues, maintain sound fiscal discipline, manage risks effectively and uphold prudent fiscal policies. All of these factors have contributed positively to economic stability and sustained growth across various sectors.
S&P’s report reflects the agency’s assessment of the UAE’s strong financial position, in addition to the strength of the government’s consolidated sovereign assets. The agency expects that regional geopolitical tensions will, overall, have a limited impact on the UAE, given the country’s large sovereign wealth and track record of internal stability.
Meanwhile, Moody’s report highlights the UAE government’s continued efforts to expand and diversify non-oil revenue sources, support the development of non-oil sectors and enhance the country’s appeal to foreign investors and skilled talent. Despite persistent geopolitical tensions in the region, the UAE’s effective policy frameworks help mitigate these challenges through advancing economic diversification.
Finally, Fitch’s report noted the elevated geopolitical risks in the region, while affirming the UAE’s strong ability to withstand short-term disruptions, supported by its substantial fiscal and external buffers.
This achievement is yet another testament to the UAE’s continued success in striking a balance between fiscal stability and economic growth. It further reinforces international investor confidence and affirms the UAE’s status as a secure and stable destination for business and investment.
