Page 302 - MOE ENGLISH PR REPORT - FEBRUARY 2024

3/4/24, 4:32 PM Fitch reaffirms ECI’s ratings at 'AA-' with a stable outlook for the sixth consecutive year
support UAE’s economic diversification and boosting the international competitiveness of
UAE-based businesses.

His Excellency Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the

Board of Directors of Etihad Credit Insurance said: "The positive rating from Fitch
reaffirms the UAE's efforts in diversifying the national economy and enhancing its

competitiveness regionally and globally. It also reflects the confidence of international

institutions, global rating agencies, and business communities in the UAE as a leading
economic destination."

He added: "This rating will strengthen the creditworthiness of Etihad Credit Insurance, the
strength of its financial position, and its role in enhancing the reputation and

competitiveness of national exports in foreign markets. This success confirms our firm

commitment to increasing economic diversification in the country, supporting and
encouraging exporters to deal with foreign markets confidently and securely, thereby

enhancing the achievement of the economic targets of 'We the UAE 2031' vision. This
vision aims to enhance the country's position as a global partner, an attractive and

influential economic hub, and to increase the non-oil national exports of the country to 800

billion dirhams by the next decade."

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Key highlights of ECI’s achievements and strategic importance:

https://www.zawya.com/en/press-release/companies-news/fitch-reaffirms-ecis-ratings-at-aa-with-a-stable-outlook-for-the-sixth-consecutive-year-kd29x… 2/4