Page 156 - MOE ENGLISH PR REPORT - JANUARY 2025
P. 156

2/3/25, 3:28 PM                     Etihad Credit Insurance receives AA- rating with stable outlook from Fitch Ratings
         absence  of  any  financial  constraints.  Other  key  determinants  also  included  the  company's

         robust  reinsurance  programme,  its  unparalleled  expertise  in  the  field,  and  the  capacity  to

         insure the risks associated with UAE foreign trade.


         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, she 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,” 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.












































      https://mail.mebusiness.ae/en/news/show/97460                                                                 3/3
   151   152   153   154   155   156   157   158   159   160   161