Page 304 - 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
international trade, secure competitive credit terms, and leverage strategic partnerships
worldwide.

This recognition from Fitch Ratings validates ECI's strategic direction and operational

resilience, setting a positive trajectory for continued contributions to the UAE's economic
prosperity and the broader vision of establishing a diversified, resilient, and globally

integrated economy.

“The 'AA-' rating, Fitch Ratings, for the sixth consecutive year, is more than just an honor; it
reflects ECI's stable foundation, strategic objectives, and the significant role we play in

supporting the UAE's strategy for economic progress,” remarked Raja Al Mazrouei, the
CEO of ECI. “Since 2018, we've reached key milestones, including expanding our

portfolio and enhancing our reinsurance agreements, all of which improve the UAE's

export competitiveness. This grade underscores our commitment to excellence as we
continue to develop and deliver robust trade financing solutions that enable UAE

businesses to succeed on a global scale."

FINANCIAL
SERVICES

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