Abu Dhabi and Qatar Credit Ratings Affirmed on Resilient Fiscal Buffers

S&P Global Ratings and Fitch Ratings have affirmed the sovereign credit ratings of Abu Dhabi and Qatar, citing exceptionally strong fiscal positions and substantial net external asset buffers. The ratings agencies maintained Abu Dhabi’s long-term sovereign credit rating at 'AA', supported by the capital's robust balance sheet and its status as one of the world’s largest per-capita hydrocarbon producers. Abu Dhabi Fiscal Strength Analytical data shows Abu Dhabi maintains a strong net asset position, primarily driven by the assets held by the Abu Dhabi Investment Authority (ADIA). Fitch Ratings emphasized that the emirate’s fiscal break-even oil prices remain among the lowest globally, providing a significant cushion against market volatility. Despite global economic shifts, the agencies expect Abu Dhabi’s real GDP growth to remain steady, supported by non-oil sector expansion and strategic infrastructure investments. Regional Economic Outlook In Qatar, S&P Global Ratings affirmed its ‘AA’ long-term rating with a stable outlook. This decision reflects the country’s high per capita income and the projected expansion of the North Field LNG project, which is expected to increase…