Fitch Ratings has affirmed ADNOC Murban RSC LTD’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘AA’ with a Stable Outlook.
The rating reflects the company’s strong ties with its 100% parent, Abu Dhabi National Oil Company (ADNOC), and Fitch’s assessment of the strong linkage between ADNOC and its sole shareholder, the Emirate of Abu Dhabi (AA/Stable).