Standard & Poor's rating agency affirmed on Monday its stable outlook for the Abu Dhabi economy with AA and A-1+ ratings for long term and short term sovereign credit respectively.
It said that the Abu Dhabi economy was weathering the global downturn "well, despite increased contingent liabilities from the financial sector and Dubai."
"The stable outlook balances the emirate's strong financial position and prudent policies against geopolitical risks, contingent liabilities, and potential impediments to growth stemming from undeveloped institutions," it said in a statement.
The ratings are also underpinned by Abu Dhabi's domestic political stability and wealth, reinforced by its rich resource endowment, and policies that reinforce Abu Dhabi's integration with the global economy, it said.