Fitch affirms UAE at ‘AA-’ with stable outlook

RIYADH: Fitch Ratings affirmed the UAE’s long-term issuer default ratings at ‘AA-’ with a stable outlook, citing strong external assets, low government debt and resilience in oil export revenues despite the regional war. In its latest report, the rating agency said Abu Dhabi’s sovereign net foreign assets were estimated at 180 percent of UAE gross domestic product in 2026, among…