The Emirate of Abu Dhabi is one of the seven emirates that constitute the United Arab Emirates (UAE) and the core of the UAE from both economic and political perspectives. The emirate has strong economic fundamentals as well as a stable socio-political environment. It has been actively pursuing economic diversification, supported by its crude oil reserves. The economy has performed well, with the fiscal strength maintained against the backdrop of ample financial resources. Based on these factors, R&I has affirmed the Foreign Currency Issuer Rating at AA. [....]