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Fitch affirms Saudi Arabia at 'A+'; outlook stable

image sourced from original article at https://www.arabnews.com/node/2588586/business-economy

Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating at 'A+' with a Stable Outlook, citing the Kingdom's strong fiscal and external balance sheets. The agency also highlighted the positive impact of Saudi Vision 2030, which has diversified the economy. Fitch expects economic growth to rebound in 2025 after cuts to oil production. Additionally, Fitch noted that geopolitical risks for Saudi Arabia have lessened recently.

Original article source: https://www.arabnews.com/node/2588586/business-economy
Source Id: 2025-01-619450948

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