Today's Edition
ABU DHABI (WAM)
The Credit Default Swaps (CDS) for the government of Abu Dhabi slightly increased from 36 bps in Q3 2023 to 44 bps in December 2023, according to the Central Bank of the UAE's (CUAE) Quarterly Economic Review (Q4 | 2023).
The review noted that the Abu Dhabi CDS level remains low, which is a testament to its dynamic economy, strong fiscal position and large sovereign wealth funds.
The emirate continues to have one of the lowest CDS premiums in the Middle East and Africa region.
Dubai’s CDS remained broadly unchanged in December 2023 compared to Q2 2023, at 71 bps.
