ADNOC receives strong credit ratings

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ABU DHABI — Ratings are the highest currently assigned by Fitch to any oil and gas company, globally. Best-in-sector ratings highlight ADNOC›s high upstream output and significant reserves, strong profitability, commercially-focused business model, downstream integration and conservative financial profile

Strong credit ratings underscore ADNOC›s more proactive value management of its capital base and portfolio of assets and validate 2030 smart growth strategy

Ratings underline ADNOC›s commitment to principles of transparency and good corporate governance

The Abu Dhabi National Oil Company (ADNOC) announced today that Fitch Ratings (Fitch) has assigned ADNOC Group a standalone credit rating of AA+. The rating, according to Fitch, highlights the company›s high upstream output and significant reserves, strong profitability, commercially-focused business model, downstream integration and conservative financial profile. The rating, Fitch said, sits at the upper boundary of the agency›s rating spectrum for all oil and gas companies. — SG


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