Page 167 - MOE ENGLISH PR REPORT - JANUARY 2025

2/3/25, 2:56 PM Etihad Credit Insurance achieves AA- rating with stable outlook from Fitch for seventh year in a row
Etihad Credit Insurance achieves AA- rating with stable outlook from Fitch for seventh year in a row
H.E. Abdullah bin Touq: ECI’s favourable ratings from Fitch thereby enhance business
confidence in the national economy

H.E. Abdullah bin Touq: 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.”
Published: Thu 30 Jan 2025, 3:45 PM
Etihad Credit Insurance (ECI), the UAE’s Federal Export Credit company, has attained an Insurer
Financial Strength (IFS) Rating of ‘AA-‘ (Very Strong) and a Long-Term Issuer Default Rating
(IDR) of ‘AA-‘ with Stable Outlooks from Fitch Ratings, a prominent provider of credit ratings,
commentary, and research for global capital markets.
This esteemed rating underscores ECI’s crucial role in propelling the UAE’s economic
diversification and solidifying its global trade leadership. It also corresponds with the Long-Term
IDR of the United Arab Emirates (UAE; AA-/Stable), reflecting the UAE’s solid economic policies
and strategic initiatives aimed at nurturing a dynamic, future-ready economy.

H.E. Abdulla bin Touq Al Marri on UAE’s economic growth
H.E. Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors of
Etihad Credit Insurance, asserted that the UAE, guided by the wisdom of its leadership, has evolved
into a robust economy that leverages diverse resources and is capable of adapting to global changes.
According to H.E., the nation has embraced flexible and proactive economic policies and strategies,
which have been vital in enhancing the competitiveness of national products in international
markets, encouraging economic accessibility to the world, forging meaningful partnerships with
numerous regional and international markets, and increasing the non-oil sector’s contribution to the
national GDP by 75 percent.

https://economymiddleeast.com/news/etihad-credit-insurance-eci-fitch-aa-rating/ 1/2