{"id":4784,"date":"2019-08-25T11:32:30","date_gmt":"2019-08-25T11:32:30","guid":{"rendered":"https:\/\/rmodev.gq\/?p=4784"},"modified":"2021-11-25T11:35:54","modified_gmt":"2021-11-25T11:35:54","slug":"rak-rating-a-fitch-2019","status":"publish","type":"post","link":"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/rak-rating-a-fitch-2019\/","title":{"rendered":"Ras Al Khaimah Maintains 10-Year Track Record with Another Fitch \u2018A\u2019 Rating"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><\/p>\n<ul>\n<li><strong><em>Ras Al Khaimah\u2019s \u2018A\u2019 rating with a Stable Outlook supported by low Government debt and continued fiscal surplus<\/em><\/strong><\/li>\n<li><strong><em>Emirate has a long-established, diverse economic profile<\/em><\/strong><\/li>\n<\/ul>\n<p>Ras Al Khaimah has had its \u2018A\u2019 rating with a Stable Outlook affirmed by global agency Fitch Ratings.<\/p>\n<p>Fitch has maintained Ras Al Khaimah\u2019s \u2018A\u2019 rating for more than 10 years and the agency highlighted the Emirate\u2019s low and declining Government debt burden and high GDP per capita as key ratings drivers.<\/p>\n<p>Fitch expects \u201cthe debt of the Government to fall to below 20% of GDP in 2019,\u201d which is, \u201cwell below the &#8216;A&#8217; category median,\u201d based on sustained fiscal surpluses. The ratings agency forecasts a fiscal surplus of 2.7% of GDP in 2019.<\/p>\n<p>This robust fiscal outlook is underpinned by prudent management as well as \u201ca relatively diversified economy dominated by manufacturing and services\u201d.<\/p>\n<p>The full list of Fitch ratings for Ras Al Khaimah is as follows:<\/p>\n<ul>\n<li>Long-Term Foreign-Currency IDR affirmed at &#8216;A&#8217;; Outlook Stable<\/li>\n<li>Long-Term Local-Currency IDR affirmed at &#8216;A&#8217;; Outlook Stable<\/li>\n<li>Short-Term Foreign-Currency IDR affirmed at &#8216;F1+&#8217;<\/li>\n<li>Short-Term Local-Currency IDR affirmed at &#8216;F1+&#8217;<\/li>\n<li>Country Ceiling affirmed at &#8216;AA+&#8217;.<\/li>\n<li>Issue ratings on RAK Capital&#8217;s senior-unsecured foreign-currency bonds affirmed at &#8216;A&#8217;<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ras Al Khaimah\u2019s \u2018A\u2019 rating with a Stable Outlook supported by low Government debt and continued fiscal surplus Emirate has a long-established, diverse economic profile Ras Al Khaimah has had its \u2018A\u2019 rating with a Stable Outlook affirmed by global agency Fitch Ratings. Fitch has maintained Ras Al Khaimah\u2019s \u2018A\u2019 rating for more than 10 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4785,"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-4784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media-center","category-press-releases","press_release_topic-business-and-economy"],"acf":{"header_desc":"","header_image":false,"related_to_hh":"no","pdf_file":false,"hi-res_image":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ras Al Khaimah Maintains 10-Year Track Record with Another Fitch \u2018A\u2019 Rating - Home Page<\/title>\n<meta name=\"description\" content=\"Ras Al Khaimah\u2019s \u2018A\u2019 rating with a Stable Outlook supported by low Government debt and continued fiscal surplus\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rakmediaoffice.ae\/en\/media-center\/press-releases\/rak-rating-a-fitch-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ras Al Khaimah Maintains 10-Year Track Record with Another Fitch \u2018A\u2019 Rating - 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