A worker injects a car with fuel at an ADNOC petrol station in Abu Dhabi, United Arab Emirates July 10, 2017. REUTERS/Stringer
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Abu Dhabi's government-owned oil giant was assigned the region's highest credit rating as the company pursues international investors and seeks to raise new funds from its businesses. Fitch Ratings gave Abu Dhabi National Oil Co. an AA long-term credit rating, it said in a statement. Exxon Mobil Corp. has higher equivalent credit ratings from Moody's and Standard & Poor's than Adnoc, while Fitch doesn't rate the U.S. producer.Fitch previously ranked the $3 billion in bonds secured by Adnoc's crude pipeline at AA. Bank of America Merrill Lynch and Citigroup advised Adnoc on the Fitch rating.
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