Fitch Assigns A Rating to Saudi PIF
Posted on 02/02/2022
Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF), got an “A” rating with a stable outlook from Fitch Ratings. PIF eyes global debt markets to take advantage of low rates. PIF has plans to issue green bonds in line with environmental, social, and governance (ESG) standards. PIF is working with BlackRock, Inc. on a framework for green bonds. PIF has low outstanding debt levels and is net cash positive.