OPEC Fund Assigned Inaugural Credit Rating of AA+ From Fitch Ratings
VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.
- VIENNA, July 29, 2021 /PRNewswire/ --The OPEC Fund for International Development (the OPEC Fund) has been assigned an inaugural credit rating of AA+, with stable outlook from Fitch Ratings.
- Fitch cited the OPEC Fund's excellent capitalization, liquidity levels and asset quality as key rating strengths.
- OPEC Fund Director-General Abdulhamid Alkhalifa welcomed the Fitch ratings announcement, which pays testament to the OPEC Fund's 45 year track record of delivering successful development outcomes in line with the organization's unique South-South mandate.
- The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively.