Page 42 - ECI PR REPORT JANUARY 2025

2/3/25, 8:24 AM Etihad Credit Insurance receives AA- rating with stable outlook from Fitch Ratings for seventh consecutive year - Middle East Busine…
Many factors have contributed to ECI’s latest milestone, including government support, especially as the UAE’s federal export credit agency, coupled with its capital strength and the absence of any financial constraints.
Other key determinants also included the company’s robust reinsurance program, its unparalleled expertise in the field, and the capacity to insure the risks associated with UAE foreign trade.
H.E. Raja Al Mazrouei, CEO of ECI, underlined that this rating is one of the highest rates offered by specialised agencies, making it a new gauge of the company’s financial performance and risk tolerance strength. This
success, Her Excellency said, is the outcome of ECI’s strategic roadmap, which aims to increase the volume of credit assistance provided to manufacturers and exporters. “The AA-rating further helps ECI provide its services
and solutions more effectively worldwide, boosts national export competitiveness, and makes it easier for Emirati products to reach targeted global markets,” H.E. Al Mazrouei added.
Since its inception, Etihad Credit Insurance has played a crucial role in supporting the national economy and non-oil foreign trade. By enabling local trade and manufacturing activities, empowering entities with tools to
protect against trade and political risks, reducing the cost of trade financing, facilitating project financing, and allowing access to trade financing solutions and international markets, ECI continues to advance national
economic goals with its broad portfolio of comprehensive services.
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