International rating agency 'Fitch' has upgraded Etihad Airways' long-term rating and its unsecured debt to AA- from A+, with a stable outlook. This step reflects the company's strong improvement in operational and financial performance. Fitch explained that the upgrade was a result of the improved credit profile, driven by increased operational efficiency, an improved capital structure, and continued deleveraging. Etihad recorded strong performance in the first nine months of 2025, with pre-tax and pre-interest profit growing by 27%. Furthermore, the agency pointed out that the company's rating is based on the strong government support from the Emirate of Abu Dhabi, which is rated AA with a stable outlook, and the probability of support is considered 'very high'.
