Fitch Ratings | Egypt Oil & Gas

APICORP Receives AA Credit Rating from Fitch Ratings 

Arab Petroleum Investment Corporation (APICORP) has received ‘AA’ rating from Fitch Ratings, a leading provider of credit ratings, reflecting a strong credit profile and continued growth.

ADNOC Ranked AA+ by Fitch Ratings

The Abu Dhabi National Oil Company (ADNOC) has been assigned AA+ as a standalone credit rating and a Long-Term Issuer Default Rating (IDR) of AA by Fitch Ratings.

Fitch: Egypt’s Energy Price Increase Show Commitment

Egypt's new budget and the decrease of electricity and fuel subsidies show that Egypt is committed to the fiscal consolidation as well as the economic reform, the rating agency Fitch Ratings stated.

Fitch: Kuwait Rated AA with Stable Outlook

Fitch ratings stated that Kuwait was rated AA with a stable outlook, and the country has an exceptionally strong fiscal position, yet it has achieved smaller fiscal consolidation than other regional countries, based ...

Egypt Receives ‘B’ Rate with Stable Outlook

Fitch Ratings, one of the three biggest credit rating agencies in the world, has maintained its sovereign rating on Egypt at a ‘B’ with a Stable Outlook.

Fitch Hints to Downgrade Major Oil Companies

Fitch Ratings Agency stated that weak oil prices in 2016 will leave five out of seven large oil companies with financial leverage above the required level, hinting looming downgrading. Total is to make the sharpest c ...

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