Fitch Affirms UAE’s ‘AA-’ Rating, Citing Strong Fiscal Buffers
Published . Updated .
Market Call
Think this story will push the stock up or down over the next three trading days? Make a free call and see what other readers think. Points are play money with no cash value.
Get these market calls by email
The week's biggest market-moving stories, Congress trades and Trump posts, with the tickers they touch. Free, one email a week.
Free. We only use your email to send the digest, never sell or share it, and every email has a one-click unsubscribe link. See our privacy policy.
Fitch Ratings has affirmed the UAE’s long-term foreign- and local-currency issuer default ratings at ‘AA-’ with a stable outlook, citing the country’s strong external asset position, low government debt and high GDP per capita, despite elevated geopolitical risks and continued
Directly affected
- No company is named in this report.
Indirectly affected
- UAE iShares MSCI UAE ETF
iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“uae”).
- CEW WisdomTree Emerging Currency Strategy Fund
WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from the UAE.
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in the UAE
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-0.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from the UAE.
- EEM iShares MSCI Emerging Markets ETF-2.1% 12d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes the UAE
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UAE | -3.44% | -1.72% | base | after close | after close | after close | after close |
| CEW | +0.00% | +0.00% | base | after close | after close | after close | after close |
| EMB | +1.52% | +0.99% | base | after close | after close | after close | after close |
| EMLC | +1.64% | +0.57% | base | after close | after close | after close | after close |
| EEM | +0.18% | +1.84% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Fitch Affirms UAE’s ‘AA-’ Rating, Citing Strong Fiscal Buffers Forbes Middle East
Source: Forbes Middle East
This story
| Company | When | Move | Status |
|---|---|---|---|
| CEW | three days earlier | 0.00% | final price |
| CEW | five days earlier | 0.00% | final price |
| EEM | three days earlier | +1.84% | final price |
| EEM | five days earlier | +0.18% | final price |
| EMB | three days earlier | +0.99% | final price |
| EMB | five days earlier | +1.52% | final price |
| EMLC | three days earlier | +0.57% | final price |
| EMLC | five days earlier | +1.64% | final price |
| UAE | three days earlier | -1.72% | final price |
| UAE | five days earlier | -3.44% | final price |
This story
12 out of 100
“Fitch Affirms UAE’s ‘AA-’ Rating, Citing Strong Fiscal Buffers” scores 12 out of 100. The score uses 1 sources.