Emirates: Northern Emirates gain from healthy economy

Risk Management Reports
Issue 1163 - 13 Feb 2023 | 3 minute read

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.

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