Colors: Blue Color

Ras Al Khaimah (RAK), the northernmost of seven emirates that make up the United Arab Emirates (UAE), has had its ‘A’ rating affirmed by global agency Fitch Ratings, with a Stable Outlook – a rating the emirate has now maintained for more than a decade. The positive Long-Term Foreign-Currency Issuer Default Rating (IDR) is driven by several factors, chief among them being the emirate’s low government debt burden and high GDP per capita.