Ras Al Khaimah’s credit rating affirmed by Fitch at ‘A’, with outlook upgraded from ‘Stable’ to ‘Positive’
Published on: Monday 30 May 2022
RAS AL KHAIMAH, 31st May, 2022 (WAM) -- Ras Al Khaimah’s credit rating has been affirmed at ‘A’ with an outlook upwardly revised from ‘Stable’ to ‘Positive’, according to international credit rating agency Fitch. US-based Fitch Ratings, one of the ‘Big Three’ credit ratings agencies, stated that the revision to positive reflected "our expectation of continued budget surplus, combined with RAK’s record of prudent fiscal management and public...
