Fitch Ratings

  • APICORP Receives AA Credit Rating from Fitch Ratings 

    APICORP Receives AA Credit Rating from Fitch Ratings 

    Thursday, 25th June 2020

    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

    ADNOC Ranked AA+ by Fitch Ratings

    Wednesday, 20th February 2019

    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

    Fitch: Egypt’s Energy Price Increase Show Commitment

    Thursday, 13th July 2017
    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: Kuwait Rated AA with Stable Outlook

    Monday, 15th August 2016
    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 on the new state budget approved at the beginning of August.
  • Egypt Receives ‘B’ Rate with Stable Outlook

    Egypt Receives ‘B’ Rate with Stable Outlook

    Sunday, 5th June 2016
    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 Hints to Downgrade Major Oil Companies

    Wednesday, 27th January 2016
    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 cuts in its investments - of up to 49% and in shareholder returns among all oil majors in Europe.