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S&P revises Ras Al Khaimah view to stable
S&P said it revised to stable from negative its outlook on Ras Al Khaimah and affirmed the long- and short-term foreign and local currency sovereign credit ratings at A/A-1.
“The stable outlook reflects our expectation that the government's fiscal position will remain strong, supported by additional streams of revenue, with several state-owned enterprises becoming akin to government departments,” S&P said in a news release.
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