Business Events in Dubai-ADNOC assigned AA+ Standalone and AA Long-Term Issuer Default Ratings are the highest currently assigned by Fitch to any oil and gas company, globally Abu Dhabi, United Arab Emirates, 19 February 2019: Day of Dubai 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. Business Events in Dubai rating, Fitch said, sits at the upper boundary of the agency’s rating spectrum for all oil and gas companies. Fitch also assigned a Long-Term Issuer Default Rating (IDR) of AA with a Stable Outlook to ADNOC, in line with the sovereign rating of Abu Dhabi, reflecting Fitch’s assessment of the strong linkages between ADNOC and the Abu Dhabi government. ...