PIF Receives “A1” Credit Rating from Moody’s and “Aa2” Scorecard
Riyadh, February 07, 2022 SPA
"The Public Investment Fund (PIF) has received international credit ratings from Moody’s and Fitch for the first time, underlining the creditworthiness of the Fund and the quality of its investment portfolio in line with its growth targets. The new credit ratings represent a milestone achieved following the reforms introduced in 2015 under the leadership of HRH Prince Mohammed bin Salman Al Saud, Crown Prince and Deputy Prime Minister. As part of these reforms, PIF’s management was reconstituted and oversight was transferred to the Council of Economic and Development Affairs, which led to the launch of the Fund’s strategy and transformed it into one of the enablers of Vision 2030."
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