Economy Local February 05, 2025

Moody's Completes Review of Sharjah's Ratings

Moody's Agency announced the completion of the periodic review of the ratings of Sharjah Emirate, indicating the stability of the local economy and the government's commitment to sound financial management.


Moody's Completes Review of Sharjah's Ratings

The leading rating agency "Mudis" has completed the periodic review of the ratings of Sharjah, UAE, and also related to other ratings. This was reported in the official statement of the agency.

According to the agency, the decision on the confirmation or change of the ratings of the Emirate and other related ratings will be published after the completion of the full analysis.

"Mudis" emphasized that their goal is to ensure transparency and objectivity in the ratings, which reflect the economic and financial situation of the region.

The review of the ratings of the Emirate of Sharjah was conducted within the framework of the overall strategy for assessing credit risk and the stability of financial institutions.

While awaiting the final decision on the ratings, agency representatives stressed the importance of controlling financial stability in the region and its long-term sustainability.

--- "We strive to ensure transparency and objectivity in our ratings to reflect the real economic situation of the region," the agency stated in its official announcement.