S&P Global affirms RAK's 'A/A-1' credit rating with 'stable' outlook

The credit ratings agency forecasts that RAK govt will maintain a conservative fiscal policy and run fiscal surpluses averaging 3% of GDP over the 2026-2029 period

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International credit ratings agency S&P Global affirmed Ras Al Khaimah's rating for 2026 at 'A/AI' with a 'stable' outlook, anticipating broad economic stability in the Emirate over the next two to three years.

US-based S&P Global, one of the 'Big Three' credit-ratings agencies, stated that the Emirate's stable outlook reflected the agency's expectation that Ras Al Khaimah Government's prudent fiscal management and fiscal buffers would provide space for policy maneuvering amid current developments.

The report highlighted "continuity in government policy", ensured by the Emirate's legislative and executive systems, as a key factor in the decision to affirm the rating, noting that some progress has been observed on the government's long-term commitment to establishing strong economic institutions, such as the RAK Statistics Centre.

Ras Al Khaimah has maintained an 'A range' credit rating since 2008.

A spokesperson for Ras Al Khaimah Government said, "Affirming Ras Al Khaimah's rating and stable outlook for 2026 reflects global confidence in our Emirate's ability to navigate current developments, guided by the wise and forward-looking leadership of His Highness Sheikh Saud Bin Saqr Al Qasimi,

Supreme Council Member and Ruler of Ras Al Khaimah. The Emirate, with its robust infrastructure, has thoroughly proven its resilience in challenging times.