Low Credit Default Swaps for government of Abu Dhabi in Q3 2023 a testament to its dynamic economy, strong fiscal position: CBUAE

ABU DHABI: The Credit Default Swaps (CDS) for the government of Abu Dhabi rose slightly from 36 bps in Q3 2023 to 44 bps in December 2023, according to the Central Bank of the UAE's (CBUAE) Quarterly Economic Review (Q4 | 2023).The review noted that the Abu Dhabi CDS level remains low, a testament to its dynamic economy, strong fiscal position and large sovereign wealth funds.Abu Dhabi 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.Source: Emirates News Agency