Fitch Revises Outlook On Saudi Sovereign Fund PIF To 'Positive'
Date
4/30/2022 3:03:02 AM
(MENAFN- Trend News Agency)
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, Trend reports with reference to Reuters .
It also affirmed the PIF's rating at 'A'.
Fitch had cited improvements in Saudi Arabia's balance sheet due
to higher oil revenues as reasons for its outlook revision on the
country earlier this month.
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