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Credit Default Swaps (CDS) for the government of Abu Dhabi have decreased from 44 basis points (bps) in December 2023 to 40 bps in March this year, indicating strong confidence in the emirate’s fiscal health and economic resilience.
This finding was published in the Central Bank of the UAE’s (CBUAE) Quarterly Economic Review for June 2024, which highlighted Abu Dhabi’s position as having one of the lowest CDS premiums in the Middle East and Africa.
The CBUAE attributes the low CDS levels to Abu Dhabi’s dynamic economy, robust fiscal position, and significant…
