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United Arab Emirates Credit Ratings & Outlooks
Country | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Aa2 Stable | AA Stable | AA- Stable | NR — | NR — |
Credit Rating History
Country | Date of Change | Rating Agency | Previous Rating | Previous Outlook | Current Rating | Current Outlook |
|---|---|---|---|---|---|---|
| Nov 11, 2020 | Fitch | AA | Stable | AA- | Stable | |
| May 25, 2017 | Moody's | Aa2 | Negative | Aa2 | Stable | |
| May 14, 2016 | Moody's | Aa2 | Negative Watch | Aa2 | Negative | |
| Mar 04, 2016 | Moody's | Aa2 | Stable | Aa2 | Negative Watch | |
| Jul 10, 2007 | Moody's | Aa3 | Stable | Aa2 | Stable | |
| Jul 02, 2007 | Fitch | NR | — | AA | Stable | |
| Jul 02, 2007 | S&P | NR | — | AA | Stable | |
| Oct 04, 2006 | Moody's | A1 | Positive Watch | Aa3 | Stable | |
| Sep 07, 2006 | Moody's | A1 | Stable | A1 | Positive Watch | |
| Dec 21, 2004 | Moody's | A2 | Stable | A1 | Stable | |
| Dec 11, 1997 | Moody's | Baa1 | Positive Watch | A2 | Stable | |
| Aug 28, 1997 | Moody's | Baa1 | Stable | Baa1 | Positive Watch | |
| Jan 29, 1996 | Moody's | NR | — | Baa1 | Stable |
Table Key
| Grade | Moody's | S&P | Fitch | DBRS | Scope Ratings |
|---|---|---|---|---|---|
Prime | Aaa | AAA | AAA | AAA | AAA |
High Grade | Aa1 | AA+ | AA+ | AA (high) | AA+ |
Aa2 | AA | AA | AA | AA | |
Aa3 | AA- | AA- | AA (low) | AA- | |
Upper Medium Grade | A1 | A+ | A+ | A (high) | A+ |
A2 | A | A | A | A | |
A3 | A- | A- | A (low) | A- | |
Lower Medium Grade | Baa1 | BBB+ | BBB+ | BBB (high) | BBB+ |
Baa2 | BBB | BBB | BBB | BBB | |
Baa3 | BBB- | BBB- | BBB (low) | BBB- | |
Non-investment Grade Speculative | Ba1 | BB+ | BB+ | BB (high) | BB+ |
Ba2 | BB | BB | BB | BB | |
Ba3 | BB- | BB- | BB (low) | BB- | |
Highly Speculative Grade | B1 | B+ | B+ | B (high) | B+ |
B2 | B | B | B | B | |
B3 | B- | B- | B (low) | B- | |
Substantial Risk Grade | Caa1 | CCC+ | CCC+ | CCC | |
Caa2 | CCC | CCC | CCC | CCC | |
Caa3 | CCC- | CCC- | CCC | ||
Extremely Speculative Grade | Ca | CC | CC | CC | CC |
C | CC | C | |||
In Default with Little Prospect for Recovery | CD | RD | RD | ||
In Default | SD | SD | |||
C | D | D | D | D | |
DD | DD | ||||
DDD | DDD | ||||
Not Rated | NR | NR | NR | NR | NR |
FAQ
What is United Arab Emirates’s current credit rating?
United Arab Emirates’s sovereign credit rating reflects its government’s ability and willingness to meet debt obligations. It is assigned by major agencies such as S&P, Moody’s, Fitch, DBRS, and Scope, and represents how international markets view United Arab Emirates’s credit risk.
Has United Arab Emirates’s credit rating changed recently?
This page lists the latest rating and outlook actions for United Arab Emirates, showing when each agency last reviewed or changed its assessment.
Why does United Arab Emirates’s credit rating matter to investors?
Ratings directly affect borrowing costs, investor confidence, and market access. Changes can influence United Arab Emirates's bond yields, currency, and equity flows as investors reassess risk.
How does United Arab Emirates’s rating compare to other countries?
You can explore how United Arab Emirates ranks globally using our Credit Ratings Hub, which displays all countries’ ratings from S&P, Moody’s, Fitch, DBRS, and Scope.
What do outlooks like Positive, Stable, and Negative mean?
They indicate the expected direction of a rating. Positive signals a possible upgrade, Stable means no change is likely, and Negative points to potential downgrade risk
What is the difference between investment grade and speculative grade?
Investment grade (BBB−/Baa3 or higher) means relatively low risk and steady market access. A speculative grade (BB+/Ba1 or lower) signals higher risk and volatility, but can attract yield-seeking investors.
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