"Standard & Poor’s" Ras Al Khaimah’s credit rating was set at "A/A-1" With a stable future outlook

Ras Al Khaimah, 16 March / WAM / Standard & Poor’s, the global credit rating agency, announced that the sovereign credit rating of the Emirate of Ras Al Khaimah was fixed at the “A/A-1” level with a “stable” outlook, while the agency expected broad economic stability in the emirate during the next two to three years.

The American agency, one of the three major credit rating agencies in the world, stated that the emirate’s stable future outlook reflects its expectations that the wise financial management of the Ras Al Khaimah government and its ample financial reserves provide good room for maneuver in managing its financial policy amid current developments.

The report highlighted the “continuity of government policies” included in the emirate’s legislative and executive systems as a major factor in the decision to confirm its credit rating, noting the tangible progress made by the government within the framework of its firm commitment to building more robust economic institutions such as the Ras Al Khaimah Statistics Center (RAKSC), thus keeping Ras Al Khaimah at an “A” credit rating since 2008.

Commenting on this, an official spokesman for the Ras Al Khaimah government said: Confirming Ras Al Khaimah’s rating for 2026 with a stable future outlook reflects global confidence in our emirate’s ability to keep pace with current developments, guided by the wise and forward-looking leadership of His Highness Sheikh Saud bin Saqr Al Qasimi, Member of the Supreme Council and Ruler of Ras Al Khaimah. The emirate has also proven, thanks to its advanced infrastructure, its ability to face challenges, and Ras Al Khaimah continues to implement its plans to ensure its growth and prosperity.

Standard & Poor’s expects that the Ras Al Khaimah government will continue to follow a conservative fiscal policy and, as a result, achieve financial surpluses averaging 3% of its gross domestic product during the period extending between 2026-2029.

The report confirms Ras Al Khaimah’s ability to adjust its expenditures as a key factor in overcoming uncertainty, citing the successful measures taken by the emirate’s government during the “COVID-19” pandemic as a vivid example of this.

The report also indicates that the strong position of net assets can partially contribute to mitigating the financial risks resulting from large contingent liabilities, anticipating that the interest burden on government loans will remain less than 5% of its revenues due to the low volume of debt.

The Emirate of Ras Al Khaimah is characterized by a prosperous and diversified economy, and the emirate’s gross domestic product is distributed across a variety of sectors, which enhances its ability to attract and retain talent and businesses – from small and medium enterprises to major international companies.

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