WebFeb 2, 2024 · The rating, which entails low default risk expectations, follows a series of efforts by the PIF to drive Saudi Arabia’s ambitious goals in line with Vision 2030. WebFeb 2, 2024 · DUBAI, Feb 2 (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 support for PIF and the ...
Fitch affirms ‘A’ rating to Saudi Arabia’s $500bn PIF Arab News
WebFeb 7, 2024 · Fitch Ratings issued PIF with a long-term default rating of A, with a stable outlook. Moody’s gave an A1 long-term rating baseline credit assessment. Both agencies issued their ratings based on ... WebApr 11, 2024 · Fitch Ratings projects real growth of 5% in the Saudi non-oil private sector in 2024 (5.4% in 2024), supported by higher government capex, investments by the PIF including giga projects, robust credit growth, ongoing development of retail and entertainment sectors and employment gains among Saudis and ex-pats. small tower server
Fitch Revises Outlook on Public Investment Fund to Positive; …
WebDefinitions: 1: A bank for which there is an extremely high probability of external support. The potential provider of support is very highly rated in its own right and has a very high propensity to support the bank in question. This probability of support indicates a minimum Long-Term Rating floor of 'A-'. WebMar 24, 2024 · Fitch has previously worried that customer concentration was a risk for ADES’ rating. Kuwait, Egypt and Algeria provide 26%, 16% and 4% respectively. PIF’s move will not trigger change-of ... 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 ... small towers btd6