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Saudi sovereign wealth fund has bought a big stake Boeing

  
  Analysis
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Saudi Arabia’s $300 billion sovereign-wealth fund has invested further into US corporations.

Q1 figures from the Public Investment Fund show fresh stakes taken in:
  • Facebook, Disney , Marriott, Cisco Systems, Citigroup, Bank of America, & Boeing
(and others). The stake in Boeing was circa $714 million.
With oil prices weaker Saudi is accelerating diversification, buying in during Q1:
  • “We actively seek strategic opportunities both in Saudi Arabia and globally that have strong potential to generate significant long-term returns while further benefiting the people of Saudi Arabia and driving the country’s economic growth” 
From filings with the US SEC, via a WSJ report, link is here for more (the Journal may be gated)
Saudi Arabia's $300 billion sovereign-wealth fund buys Boeing

Fitch affirms France rating at ‘AA’ but lower its outlook from stable to negative

  
Analysis, Economy
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Fitch Ratings has affirmed France at ‘AA’ but cites (amongst other factors) the substantial worsening in public finances and economic activity expected this year due to the COVID-19 pandemic for its lowering of the outlook to negative.

  • The combination of much reduced economic activity due to containment measures introduced from March and government policies to support the economy in the period of enforced reduced activity will sharply increase government borrowing and indebtedness. This deterioration of France’s public finance metrics will happen in the context of already high debt levels in comparison with rating peers, limited progress in fiscal consolidation since the global financial crisis, and moderate real economic growth.
That’s a summary, the report also notes:
  • France’s ratings are underpinned by a large, wealthy and diversified economy, strong and effective civil and social institutions and a track record of macro-financial stability. Public finances, and particularly the high level of government debt, remain a rating weakness relative to the ‘AA’ category. 
More at that link above
Fitch Ratings has affirmed France at 'AA' but cites (amongst other factors) the substantial worsening in public finances and economic activity expected this year due to the COVID-19 pandemic for its lowering of the outlook to negative.
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