Opec Fund receives its inaugural credit rating

Fitch Ratings has assigned the OPEC Fund for International Development (OPEC Fund) an inaugural credit rating of AA+, with stable outlook and a Short-Term IDR of ‘F1+’, as the Vienna-based institution prepares to launch itself into the international capital markets. To date, OPEC Fund’s sole funding source has been capital replenishment contributions from member states (MS). However, …..OPEC Fund is taking steps