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Prospect News home > News index > List of issuers G > Headlines for GACI First Investment Co. > News item |
Fitch upgrades Public Investment
Fitch Ratings said it upgraded Public Investment Fund's long-term foreign- and local-currency issuer default ratings to A+ from A. The agency also raised the fund’s special-purpose vehicle GACI First Investment Co.'s guaranteed multicurrency EMTN program ratings and senior unsecured long-term ratings of its dollar-denominated bonds to A+.
The upgrade follows a similar action of Saudi Arabia’s sovereign rating, Fitch said.
The outlook is stable.
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