Emirates: Northern Emirates gain from healthy economy

GSN Risk Grade Abu Dhabi A1, Dubai – A2↓

Sharjah credit rating: Standard & Poor’s (S&P) revised the outlook on its rating for the emirate from negative to stable on 24 January, while affirming the long- and short-term foreign and local currency sovereign credit ratings at BBB-. The ratings agency said it expected Sharjah’s overall fiscal position to gradually stabilise between now and 2026, with the deficit reducing over that time.