(Reuters) - Moody's raised United Arab Emirates' foreign and local
currency government bond ratings to "Aa2," the third-highest
investment grade rating.
"Persistently high oil prices have allowed the government
to continue to accumulate significant foreign assets at a rapid
rate," said Tristan Cooper, Moody's vice-president and senior
analyst. "This has led to a further strengthening of the
government's fundamental credit-worthiness."
Read more at Reuters.com Bonds News
currency government bond ratings to "Aa2," the third-highest
investment grade rating.
"Persistently high oil prices have allowed the government
to continue to accumulate significant foreign assets at a rapid
rate," said Tristan Cooper, Moody's vice-president and senior
analyst. "This has led to a further strengthening of the
government's fundamental credit-worthiness."
Read more at Reuters.com Bonds News
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