UNITEDENERGY GP(00467) has been awarded a long-term credit rating of BB- by Fitch Ratings as the issuer, with a stable outlook.
United Energy Group (00467) issued an announcement that on September 15, 2025, Fitch Ratings (Fitch) rated...
UNITEDENERGY GP (00467) announced that on September 15, 2025, Fitch Ratings (Fitch) issued a press release granting the company a long-term credit rating of BB-, with a stable outlook.
This rating is the second international credit rating obtained by the group after the B+ rating with a stable outlook from S&P Global Ratings. The rating highlights the group's strong operating performance in the global upstream oil and gas sector, highly diversified asset portfolio in key regions such as Iraq, Pakistan, Egypt, and Uzbekistan, and prudent financial management system. The stable outlook further emphasizes Fitch's market expectations that the group will maintain stable production capacity, improve capital expenditure efficiency, and maintain good payment capabilities.
The company believes that this credit rating from Fitch will enhance the group's reputation, provide strong support for future transactions and investments, and lay a solid foundation for the group's long-term sustainable development in the global energy industry.
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