Page 39 - ECI PR REPORT JANUARY 2025

1/31/25, 5:05 PM Latest News

Etihad Credit Insurance receives AA- rating with stable outlook from

Fitch Ratings for seventh consecutive year

31/01/2025
H.E. Abdullah bin Touq: “Under the guidance of its wise leadership, the UAE has evolved into a strong and diversified
economy. ECI’s favourable ratings from Fitch thereby enhance business confidence in the national economy. With this
new accomplishment, the UAE also solidifies its position as a global centre for trade and business, reflecting our
country's efforts to create a competitive environment for exporters and importers.”

January 30, 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.

Praising ECI's high credit rating, H.E. Bin Touq said: “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. In
keeping with the ‘We the UAE 2031’ initiative, which aims to increase the country's GDP to AED 3 trillion by the next decade and increase non-oil exports to

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