Fitch affirms Etihad Airways

Fitch Ratings said it affirmed Etihad Airways PJSC's long-term issuer default rating at A with a stable outlook and senior unsecured rating at A.

The agency also affirmed the senior unsecured ratings of A for Etihad's euro medium-term note program and for Unity 1 Sukuk Ltd.'s $3 billion trust certificate issuance program and trust certificates issued under the program.

Fitch said it rates Etihad based on its government related entities criteria by applying a top-down rating approach.

The company's A rating continues to be three notches below that of its indirect sole shareholder, the Emirate of Abu Dhabi (AA/stable), the agency said.

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