WebPIF’s strategic objectives are closely aligned with national economic objectives. The fund’s total assets at end-2024 were 57% of national GDP,” Fitch Ratings said. PIF is the sovereign wealth fund of the Kingdom of Saudi Arabia, and wholly owned by the Saudi government, established under a Royal Decree in 1971, Fitch notes. “As per its ... WebFeb 2, 2024 · Reuters. Fitch Ratings on Wednesday assigned Saudi Arabia’s Public Investment Fund (PIF) an ‘A’ credit rating in line with the sovereign, given its strong …
Fitch rates Saudi Arabia
WebSep 30, 2024 · Under Fitch's Government-Related Entities Rating Criteria, the agency classifies PIF as an entity credit-linked to the Saudi government and equalises its ratings with the sovereign's ratings, based on its assessment of the strength of linkage with Saudi Arabia and the latter's incentive to provide support to PIF. Fitch's assessment of 'Very ... WebApr 29, 2024 · Ratings agency Fitch on Friday revised the outlook on Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), to "positive" from "stable" following a similar action on the country. floor spice rack
Glossary of Fitch
WebFeb 2, 2024 · Fitch Ratings on Wednesday assigned Saudi Arabia's Public Investment Fund (PIF) an 'A' credit rating in line with the sovereign, given its strong support for PIF … WebFeb 7, 2024 · The rating reflects #PIF ’s high-quality domestic and international portfolio, strong governance and financial profile, and its leading role in transforming Saudi Arabia’s economy in line with #SaudiVision2030. 1. 11. 18. Public Investment Fund Webthe PIF including giga projects, robust credit growth, ongoing development of retail and entertainment sectors and employment gains among Saudis and expats. In 2024-2025, ... All Fitch Ratings (Fitch) credit ratings are subject to certain limitations and disclaimers. floors ping an finance center