Standard & Poor’s Affirms Saudi Arabia’s Credit Ratings

Standard & Poor’s, a renowned credit rating agency, has recently confirmed Saudi Arabia’s local and foreign currency credit ratings to be ‘A’ with a stable outlook.

Continued Stability in Saudi Arabia’s Credit Rating

Furthermore, Standard & Poor’s has also upheld the Kingdom’s short-term sovereign rating at A-1.

Recognition of Saudi Arabia’s Reforms and Achievements

The agency has attributed the reaffirmation of Saudi Arabia’s credit rating to the country’s ongoing efforts in implementing significant reforms over the past few years. These reforms have resulted in structural improvements, which have effectively supported the sustainable development of the non-oil sector.

Source

Source: Prime