Source - SMW
Fitch Ratings has affirmed Etihad Airways PJSC's long-term issuer default rating at 'A' with a stable outlook and published its senior unsecured rating of 'A'.

Fitch says Etihad's 'A' ratings reflect fairly strong strategic and operational links and, to a lesser extent, legal links with the airline's sole indirect shareholder - the Emirate of Abu Dhabi (AA/stable). These links are reflected in the IDR being notched down from the Emirate's rating by three notches.