Fitch Ratings has affirmed Ras Al Khaimah’s long-term credit rating at A+ and revised its economic growth forecast for 2026 to 1.5%, a notable shift from an earlier projection of a 1.8% contraction. This adjustment reflects stronger-than-expected economic resilience in the emirate during the first half of the year, driven by robust domestic demand and increased regional activity.
The ratings agency’s updated forecast indicates a positive outlook for Ras Al Khaimah, with anticipated growth of 5% in 2027. Fitch attributes this optimistic revision to the emirate’s solid economic fundamentals, including low public-sector debt, strong fiscal buffers, and a high GDP per capita, all bolstered by the advantages of being part of the UAE federation.
Public-sector debt is expected to remain stable at approximately 11% of GDP from 2026 to 2028. Additionally, Fitch has removed Ras Al Khaimah from its Rating Watch Negative status, citing a decrease in direct risks associated with regional geopolitical tensions since April.
A spokesperson for the Ras Al Khaimah Government stated that the reaffirmed rating and revised growth outlook underscore the emirate’s economic resilience and its capacity to sustain growth amid both regional and global challenges. This positive assessment is likely to enhance investor confidence and support ongoing economic initiatives within the emirate.
For further details, refer to the relevant report by ARN News Centre.
