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1/31/25, 5:05 PM Etihad Credit Insurance Achieves AA- Rating From Fitch Ratings - OneArabia
Etihad Credit Insurance Secures AA- Rating With Stable Outlook From Fitch
Ratings

By OneArabia
Published: Thursday, January 30, 2025, 17:46 [GST] Etihad Credit Insurance (ECI), the UAE's Federal Export Credit company, has been awarded an Insurer
Financial Strength (IFS) Rating of 'AA-' and a Long-Term Issuer Default Rating (IDR) of 'AA-' by Fitch Ratings. These ratings come with Stable Outlooks and highlight
ECI's significant role in promoting the UAE's economic diversification and enhancing its global trade leadership.

Abdullah bin Touq Al Marri, Minister of Economy and Chairman of ECI's Board, emphasised the UAE's economic strength under its wise leadership. The nation has
adopted flexible policies that boost national product competitiveness globally. These strategies have increased the non-oil sector's GDP contribution to 75%, fostering
partnerships with regional and international markets.

The favourable rating from Fitch reflects confidence in the UAE economy, according to Bin Touq. He stated, "ECI’s favourable rating from Fitch ratings demonstrates the
confidence of business communities in the national economy, and promotes its reputation regionally and globally, thereby consolidating the country’s position as a
leading hub for business and trade."

Several factors contributed to ECI's achievement, including strong government support as the federal export credit agency. Its capital strength and lack of financial
constraints were crucial. Additionally, a robust reinsurance programme and expertise in insuring foreign trade risks played vital roles.

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