OREANDA-NEWS. Fitch Ratings has assigned Abu Dhabi's senior unsecured bonds issued under the sovereign's global medium-term note programme 'AA' ratings. The issues are as follows:

USD2.5bn 2.125% bonds maturing 3 May 2021
USD2.5bn 3.125% bonds maturing 3 May 2026

Abu Dhabi intends to use the proceeds for general budgetary purposes.

KEY RATING DRIVERS
The ratings are in line with Abu Dhabi's existing senior unsecured ratings and Long-term foreign-currency Issuer Default Rating (IDR), which was affirmed at 'AA' with a Stable Outlook in February 2016.

RATING SENSITIVITIES
The ratings of the bonds are sensitive to changes in Abu Dhabi's Long-Term foreign-currency IDR.