Moody’s States SWFs Support Sovereign Creditworthiness
Posted on 11/12/2015
Having a substantial sovereign wealth fund is a good thing for many fossil fuel dependent developing economies. These intergenerational savings vehicles can provide a cushion for government finances in times of oil price volatility. Moody’s recently issued a report, “Sovereign Wealth Funds: Sizeable Assets Provide Important Fiscal Buffers Against Lower Oil Revenues” which highlights sovereign […]
