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S&P gives Abu Dhabi ‘stable’ outlook

Standard & Poor's has rated Abu Dhabi's credit outlook as 'stable,' noting it had not been mandated by the UAE to assign a rating to the Gulf country, Reuters has reported. "It's a stable outlook right now," Moritz Kraemer, head of sovereign credit ratings for Europe at Standard & Poor's told the news service. "We think that the risks are fairly balanced, so neither an upgrade nor a downgrade is imminent."