Muscat: Etihad Credit Insurance (ECI), the UAE Federal export credit company, has awarded a macroeconomic and industry specific data services contract to Fitch Solutions. Through intelligent and timely credit market data, analytical tools and risk services, ECI will be in a stronger position to bolster the implementation of UAE’s non-oil diversification strategy.
Massimo Falcioni, CEO, ECI, said: “The signing of this agreement will help us in proficiently servicing UAE businesses vital to the development of the country’s non-oil segments. Working closely with Fitch Solutions will also allow us to explore opportunities and provide essential support to UAE businesses. This further augments the support that we extend to homegrown companies with activities focusing on the export and re-export of UAE goods, works, services, and the foreign investments of the UAE businesses.”
“Our partnership with Fitch Solutions reinforces our vision to support local businesses in the pursuit to global competitiveness, while understanding their needs and challenges and developing solutions to help them become major contributors to the UAE economy,” said Falcioni.
Christine Baulmann, Managing Director, Head of EMEA Sales, Fitch Solutions, said: "We are excited to partner with Etihad Credit Insuranceto offer our macroeconomic and industry specific data services. This will allow ECI to access essential macroeconomic data that can help them in performing risk assessments of local companies, especially those involved in export and trade activities."
"Likewise, ECI will be able to provide these UAE exporters and traders with information that will assist them to expand internationally, making them become more globally competitive as well as driving growth,” Baulmann added.
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.