Fitch affirms Saudi Arabia& 039;s A+ rating with stable outlook ...Saudi Arabia

ٍٍٍSaudi Gazette - News

RIYADH — 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 position, substantial financial reserves and resilient economy.In its latest report, Fitch said Saudi Arabia's credit profile is supported by government debt and sovereign net foreign assets that remain significantly stronger than the averages for countries rated in the 'A' and 'AA' categories, alongside substantial fiscal buffers.The agency said the Kingdom has maintained economic resilience despite regional geopolitical developments, supported by the strength of non-oil economic activity and prudent fiscal management.Fitch noted that Saudi Arabia's banking sector remains sound, with strong capital levels, low non-performing loans and no need for central bank support during recent regional tensions.The agency expects Saudi Arabia's real GDP growth to moderate to 0.6% in 2026 before rebounding in 2027 as maritime traffic through the Strait of Hormuz normalizes, supporting higher oil and petrochemical production.Growth is also expected to be supported by the phased rollout of the Kingdom's giga-projects, continued spending by the Public Investment Fund, recovering business confidence and resilient consumer spending.Fitch highlighted Saudi Arabia's healthy external balance sheet, projecting international reserves to remain equivalent to about 11.6 months of current external payments in 2026, far above the median for similarly rated sovereigns.The agency also said Saudi Arabia's sovereign net foreign assets will remain a key credit strength over the coming years, while describing the Kingdom's banking sector as resilient, well-capitalized and supported by strong deposit growth.Fitch added that Saudi Arabia continues to benefit from improving governance, stronger institutions and an increasingly diversified economy.

Hence then, the article about fitch affirms saudi arabia 039 s a rating with stable outlook was published today ( Saturday 11/07/2026 - 10:57 AM ) and is available on ٍٍٍSaudi Gazette ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Fitch affirms Saudi Arabia& 039;s A+ rating with stable outlook )

Last updated : 11 July 2026 clock 10:57 AM

Also on site :

Fitch affirms Saudi Arabia& 039;s A+ rating with stable outlook ...Saudi Arabia

Why was Cole Palmer sent off for Chelsea vs Tottenham Hotspur in Premier League 2026-27?

‘Masters of the Universe’ Director Thinks Amazon Let the Movie Down

Want Omega-3 Support? This Supplement Delivers 3,000MG of EPA + DHA

Thousands gather at new Albanian antigovernment rally

Chelsea 0-2 Tottenham Stats: Palmer Sees Red as Penders Error Helps Gift Spurs Victory

LeBron James Injury Status Draws Attention Ahead of Bucks Game

Billy Corgan Defends Marilyn Manson Friendship Despite Sexual Assault Claims Against Manson: “I Didn’t Feel That He Was Guilty”

Horror Fans, Rejoice: FilmQuest Breakout ‘The Crawling’ Is the Gutsy Alien Freakout of Your Dreams

Chelsea 0-2 Tottenham Hotspur: Five key takeaways from Premier League 2026-27 clash

Ric Flair Gives Health Update After Medical Emergency That Happened Hours After Canceling Seattle Appearance

Elvis Presley Rightsholders Sue Anthropic for Training on 274 Songs Without Permission

Celtics' Jayson Tatum Fires Back at Jaylen Brown Trade Narrative

Thousands take to Tel Aviv's streets for protests against Netanyahu

Oops: Troy Jackson’s Campaign Features ‘Kate From Norwich’ — A Town That Doesn’t Exist in Maine

Cowboys QB Dak Prescott Sends Urgent Message Over 2-Game Losing Streak