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1/31/25, 5:04 PM Etihad Credit Insurance receives AA- rating with stable outlook from Fitch Ratings - Middle East News 247

Etihad Credit Insurance receives AA- rating with stable outlook from Fitch

Ratings

By News Desk 1 30/01/2025

Etihad Credit Insurance (ECI), the UAE’s Federal Export Credit company, has secured an Insurer Financial Strength (IFS) Rating of ‘AA-‘ (Very Strong) and
Long-Term Issuer Default Rating (IDR) of ‘AA-‘ with Stable Outlooks from Fitch Ratings, a leading provider of credit ratings, commentary, and research for
global capital markets.

This prestigious rating underscores ECI’s pivotal role in accelerating the UAE’s economic diversification and reinforcing its global trade leadership. It also
aligns with the Long-Term IDR of the United Arab Emirates (UAE; AA-/Stable), reflecting the UAE’s robust economic policies and strategic initiatives to foster
a dynamic, future-ready economy.

H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of Etihad Credit Insurance, affirmed that the UAE,
driven by the guidance of its wise leadership, has grown into a strong economy that relies on diverse resources and is capable of adapting to global changes.
According to H.E., the nation has adopted flexible and proactive economic policies and strategies, that have been instrumental in promoting the
competitiveness of national products in foreign markets, encouraging economic accessibility to the world, building meaningful partnerships with numerous
regional and international markets, and increasing the non-oil sector’s contribution to the national GDP by 75 per cent.

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