{"id":13350,"date":"2025-11-25T05:56:56","date_gmt":"2025-11-25T05:56:56","guid":{"rendered":"https:\/\/www.rakmediaoffice.ae\/?p=13350"},"modified":"2025-11-25T05:56:56","modified_gmt":"2025-11-25T05:56:56","slug":"ras-al-khaimah-maintains-its-a-a-1-sp-global-credit-rating-with-a-stable-outlook","status":"publish","type":"post","link":"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/ras-al-khaimah-maintains-its-a-a-1-sp-global-credit-rating-with-a-stable-outlook\/","title":{"rendered":"Ras Al Khaimah maintains its \u2018A\/A-1\u2019 S&#038;P Global credit rating with a \u2018stable\u2019 outlook"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><\/p>\n<ul>\n<li>Ras Al Khaimah\u2019s economic growth is expected to accelerate to just above 4% by 2027\u20112028, from an estimated 3.5% in 2024<\/li>\n<li>The Emirate\u2019s stable outlook reflects the agency\u2019s confidence that economic growth and fiscal positioning will remain strong over the upcoming two-year period<\/li>\n<\/ul>\n<p>International credit ratings agency Standard &amp; Poor\u2019s (S&amp;P) Global has upheld Ras Al Khaimah\u2019s rating at \u2018A\/A-1\u2019 with a \u2018stable\u2019 outlook, maintaining the same rating from the previous cycle.<\/p>\n<p>U.S.-based S&amp;P Global, one of the \u2018Big Three\u2019 credit-ratings agencies, stated that the Emirate\u2019s stable outlook reflected the agency\u2019s expectation that Ras Al Khaimah\u2019s economic growth and fiscal position will remain strong over the forecast period.<\/p>\n<p>The report cited the \u201congoing tourism and infrastructure projects\u201d across Ras Al Khaimah as a key factor that will support economic growth, while also forecasting that \u201cstrong performance in tourism, real estate, manufacturing and mining [will] support the growth trajectory\u201d.<\/p>\n<p>A spokesperson for Ras Al Khaimah Government said: \u201cGuided by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, our Government has moved steadily forward with its ambitious yet solid plans to further enhance its resilient, diversified and vibrant economy, while remaining strategically prudent in its fiscal policy. Maintaining the Emirate\u2019s advanced rating and stable outlook embodies global confidence in our economic model, motivating us to keep growing and enhancing our reputation as the ideal place to live, work, visit and invest.\u201d<\/p>\n<p>The international credit ratings agency estimates Ras Al Khaimah\u2019s economic growth will accelerate to just above 4% by 2027\u20112028, from an estimated 3.5% in 2024, whereas GDP per capita is set to strengthen to about USD32,600 by 2028. The report projects that upcoming tourism projects and related infrastructure spending will help reinforce the Emirate\u2019s mining sector, as well as its economic free zones, airport and real estate sector.<\/p>\n<p>Meanwhile, the stable outlook reflects the agency\u2019s confidence that Ras Al Khaimah\u2019s economic growth and fiscal position will remain strong over the upcoming two-year period, with low debt levels and recurring fiscal surpluses underpinning its fiscal profile.<\/p>\n<p>Ras Al Khaimah, the northernmost of the UAE\u2019s seven Emirates, is home to a thriving and diversified economy. The Emirate\u2019s GDP composition is split over a variety of sectors, boosting its ability to attract and retain talent and businesses, from SMEs to large international companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ras Al Khaimah\u2019s economic growth is expected to accelerate to just above 4% by 2027\u20112028, from an estimated 3.5% in 2024 The Emirate\u2019s stable outlook reflects the agency\u2019s confidence that economic growth and fiscal positioning will remain strong over the upcoming two-year period International credit ratings agency Standard &amp; Poor\u2019s (S&amp;P) Global has upheld Ras [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13351,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,3],"tags":[],"press_release_topic":[60],"latest_news_topic":[],"class_list":["post-13350","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center","category-press-releases","press_release_topic-business-and-economy"],"acf":{"related_to_hh":"no","header_desc":"","header_image":false,"hidden_photo_gallery":false,"pdf_file":false,"hi-res_image":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - 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