Ratings: Foreign and Local Currency: AA/Stable/A-1+ For further details see ratings list. OVERVIEW We continue to expect that the Abu Dhabi government's large net asset position will provide a considerable buffer against the impact of commodity market volatility on the economy. We are therefore affirming our 'AA/A-1+' sovereign credit ratings on Abu Dhabi. The outlook is stable. RATING ACTION On Jan. 12, 2018, S&P Global Ratings affirmed its 'AA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the Emirate of Abu Dhabi, a member of the United Arab Emirates (UAE). The outlook is stable. At the same time, we affirmed our 'AA' long-term foreign currency issue rating on the sovereign-guaranteed bond of senior unsecured debt issued
