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27.01.2015 17:51:00
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Abu Dhabi, Government of -- Moody's: Abu Dhabi's assets buffer the oil price drop and projected fiscal deficit
New York, January 27, 2015 -- While the drop in oil prices will likely cause Abu Dhabi's (Aa2 stable) economic growth to slow in 2015 and put an end to four consecutive years of double-digit fiscal surpluses, the emirate's sizeable stock of foreign assets will help cushion the impact of lower oil revenues in the coming years, says Moody's Investors Service in a report recently published.
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