Page 176 - MOE ENGLISH PR REPORT - JANUARY 2025

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

https://www.onearabia.me/business/etihad-credit-insurance-aa-rating-fitch-011-96349.html