Credit Ratings for Sovereign Wealth Funds

It is not easy for any sovereign wealth fund (SWF) to obtain a debut credit rating, especially since there is an effort that ranges from 6 to 8 months of continuous work with credit rating agencies to know the outcome of the credit rating.I have dealt with credit rating agencies and do realise how strict these entities are when it comes to obtaining the most accurate information from the party that wishes to obtain a rating.These ratings do not compliment the companies that wish to be rated. This is to preserve the rights of investors who will invest in the bonds / Sukuk of the issuers, based on the granted credit rating.

BlackRock

Some may not realise the amount of effort that has been made through the Saudi Public Investment Fund (PIF) over the past 5...