Fitch Affirms Ras Al Khaimah A+ Rating, Raises 2026 Growth Forecast
Fitch Ratings has affirmed Ras Al Khaimah’s Long-Term Issuer Default Rating at “A+” and raised its 2026 economic growth forecast, highlighting the emirate’s financial strength and economic resilience.
The agency now expects Ras Al Khaimah’s GDP to grow by 1.5% in 2026, compared with its previous forecast of a 1.8% contraction. Fitch said the revision reflects stronger domestic demand and increased economic activity across the Gulf.
Read more: Ras Al Khaimah builds strong future with trade, industry and tourism growth
Stronger Growth Expected in 2027
Fitch expects GDP growth to accelerate to 5% in 2027, while consolidated public-sector debt is projected to remain broadly stable at around 11% of GDP between 2026 and 2028.
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The A+ rating is supported by low public-sector debt, strong fiscal buffers, high GDP per capita and the benefits of UAE federation membership.
Ras Al Khaimah continues to expand its diversified economy across tourism, industry, trade, real estate and other sectors, helping the emirate attract businesses and international investment.