S&P Global has reaffirmed Ras Al Khaimah’s long- and short-term sovereign credit ratings at ‘A/A-1’ for 2026, maintaining a stable outlook on expectations of steady economic conditions over the next two to three years.
The agency said the outlook reflects confidence that the government’s disciplined fiscal management and strong financial buffers will continue to support policy flexibility despite shifting geopolitical dynamics.
It also projected that the emirate will post average fiscal surpluses of around 3% of GDP between 2026 and 2029.
S&P pointed to consistent government policies, backed by established legislative and executive systems, as a key reason for the rating affirmation. It further noted ongoing institutional improvements, including initiatives to enhance economic data through bodies like the RAK Statistics Center.
Ras Al Khaimah has held an ‘A’-level credit rating since 2008, highlighting what S&P described as its stable governance and reliable economic policymaking.
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