Moody’s affirms UAE at Aa2 despite forecast 7% economic contraction in 2026

RIYADH: Moody’s Ratings affirmed the UAE’s Aa2 long-term sovereign ratings with a stable outlook, citing the country’s financial buffers, low federal debt and diversified economy despite disruption to trade through the Strait of Hormuz. The agency also maintained the UAE’s foreign-currency senior unsecured debt rating at Aa2 and its medium-term note program rating at Aa2. Its local- and foreign-currency country ceilings remain at Aaa. The latest assessment comes as Gulf economies navigate heightened geopolitical uncertainty stemming from disruptions to shipping routes and energy markets.

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