Rating agency Fitch has reaffirmed Saudi Arabia’s long-term foreign-currency issuer default rating at A+, with a stable outlook. The affirmation reflects the kingdom’s strong fiscal buffers, substantial sovereign external assets, and continued growth in its non‑oil sectors. Fitch also highlighted Saudi Arabia’s resilient banking fundamentals and low government debt relative to comparable economies. While oil dependence remains a vulnerability, robust economic diversification and ample fiscal reserves underpin the rating. Regional peers like the UAE, Qatar, and Kuwait also received solid credit standings from the agency.  

Source: arabnews.com