Ras Al Khaimah Maintains A Rating by Fitch: Over a Decade of Stable Outlook

Ras Al Khaimah (RAK), the northernmost of 7 emirates that compose the United Arab Emirates (UAE), has had its 'A' rating attested by global agency Fitch Rankings, with a Stable Outlook-- a ranking the emirate has actually currently preserved for more than a decade. The positive Long-Term Foreign-Currency Company Default Rating (IDR) is driven by several factors, chief among them being the emirate's low national debt burden as well as high GDP per head.

The rating affirmation mirrors the stability of Ras Al Khaimah's economic situation as well as the audio policies carried out by the government and also the leadership. This, subsequently, develops an encouraging and appealing setting for present and also possible investors and also ventures in Ras Al Khaimah, as the emirate continues to build on its staminas, create its crucial markets, as well as strengthen relations with international bodies.

The Government of Ras Al Khaimah has long been devoted to a plan of fiscal prudence, which has actually enabled the debt-to-GDP proportion to keep a consistent descending fad. This strategy has proven its value over the past years, with RAK authorities continuously working to enhance data collection, budgeting, and also financial planning as well as control, to improve effectiveness in making use of fiscal resources.