Fitch rates Etihad Airways A

Fitch Ratings said it assigned a long-term issuer default rating of A to Etihad Airways PJSC with a stable outlook.

Etihad’s A rating incorporates strategic and operational links with its sole shareholder – the Emirate of Abu Dhabi and is notched down from the Abu Dhabi’s rating by three notches, Fitch said.

Etihad’s strategic importance to Abu Dhabi is underpinned by the fact that it is vital for tourism development in Abu Dhabi and is integral to the implementation of the emirate’s 2030 vision, which aims at development of non-oil related sectors of the economy, the agency said, as well as to support Abu Dhabi’s brand internationally.

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