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 and other volatility on the economy. We are therefore affirming our 'AA/A-1+' sovereign credit ratings on Abu Dhabi. The outlook is stable. On June 8, 2018, S&P Global Ratings affirmed its 'AA' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on 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 by Waha Aerospace B.V. The stable outlook on Abu Dhabi reflects our expectation that economic growth
