Etihad Airways, the national carrier of the United Arab Emirates, has welcomed the announcement today that it has been assigned the rating of ‘A’ with a Stable Outlook, by Fitch Ratings. James Hogan, President and Chief Executive Officer of Etihad Airways, said: “The Fitch A rating is further independent recognition of the strength of this business and of our strategy.
Fitch Ratings, one of the world’s largest credit ratings agencies, issued the Long-term Issuer Default Rating (IDR) following a detailed independent analysis of Etihad Airways’ business, its commercial performance and its equity alliance strategy.
“We have already raised more than US$ 11 billion to support our growth, from more than 80 financial institutions around the world. We raise that finance on commercial terms, with no sovereign guarantees or letters of comfort.