Etihad Credit Insurance (ECI), the UAE's Federal Export Credit company, has been awarded an 'AA-' Insurer Financial Strength (IFS) Rating and Long-Term Issuer Default Rating (IDR) of 'AA-' with Stable Outlooks by Fitch Ratings.
This achievement highlights ECI’s vital role in advancing the UAE’s economic diversification and enhancing its global trade prominence.
The ratings reflect the UAE’s strong economic policies, which are driving the nation's transition to a future-ready economy. They also mirror the UAE’s own 'AA-/Stable' Long-Term IDR, showcasing the country's resilience and strategic initiatives to foster sustainable growth.
Abdullah bin Touq Al Marri, Minister of Economy and Chairman of ECI’s Board, emphasized that the UAE's strong, diversified economy has successfully adapted to global shifts under the guidance of its visionary leadership. Al Marri highlighted the importance of proactive economic strategies that have boosted the UAE’s export competitiveness and contributed to a 75% increase in the non-oil sector’s GDP share.
Al Marri praised ECI's Fitch rating, noting that it reinforces the UAE’s global reputation as a trade hub. The rating also supports the ‘We the UAE 2031’ initiative, which targets a GDP of AED 3 trillion and AED 800 billion in non-oil exports by 2031.
Raja Al Mazrouei, CEO of ECI, explained that the rating reflects the company’s robust financial performance and strategic roadmap. This milestone will further enhance ECI’s ability to support UAE exporters, expand global market reach, and boost national export competitiveness.
ECI’s continued success is attributed to its strong capital base, government support, and expertise in managing foreign trade risks, helping UAE companies thrive in international markets.
News Source: Emirates News Agency
