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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Research

Fitch: sovereign wealth fund plan positive for Angola

Posted on 24 October 2012

Angola’s decision to set up a sovereign wealth fund is positive news, Fitch Ratings says. It reaffirms our view that government policies are reducing the economy’s exposure to movements in the oil price, and laying a foundation for sustainable growth.
This view was reflected in our revision of the Outlook on Angola’s ‘BB-’ rating to Positive from Stable in May. We said that setting up a sovereign wealth fund could contribute to an upgrade if it were coupled with a longer track record of prudent fiscal and monetary policy management………………………………………..Full Article: Source


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