Moody’s revised the outlook for the Saudi Public Investment Fund from stable to positive, affirming the rating at
A1 reflects the creditworthiness of the fund.
Moody’s granting the fund an “A1” rating reflects the creditworthiness of the fund, and when linked to the approved rating methodology, it results in an “Aa2” result according to the performance evaluation.
Moody’s took several factors into account when issuing the fund’s rating, including the size of the assets under management, supported by the sustainable growth of the fund’s investment returns, the high quality of the fund’s investment portfolio, and the diversity of sectors in which the fund invests, both locally and internationally.
The agency also modified its outlook from stable to positive for 5 other Saudi entities, including Saudi Aramco, SABIC, stc, the Saudi Electricity Company and the Saudi Energy Purchase Company.
The PIF report highlighted the strength of the Fund’s financial position, its ability to grow its assets, the quality and diversity of its investment portfolio, and the sustainable growth in its returns.
