The Government of Ras Al
Khaimah oversees a diversified and rapidly expanding economy, with full
autonomy over its internal affairs, fiscal policy and economic development.
The Emirate's GDP components
are varied with no one element exceeding more than 20% of total GDP. With
strong GDP growth and sustainable economic development, Ras Al Khaimah is
currently rated 'A' by both Fitch and Standard & Poors.
This rating is underpinned by
strong financial and liability management and the IDO centrally controls
all Sovereign debt issuances and closely manages Government borrowing ratios.