Fitch Ratings affirms Saudi Arabia’s credit rating at ‘A+’ with stable outlook according to its latest report.
The agency highlighted that the affirmation reflects the kingdom’s strong fiscal balance sheets and significant fiscal buffers, with government debt and sovereign net foreign assets (SNFA) considerably stronger than the median for both the ‘A’ and ‘AA’ rating categories.
Fitch highlighted that, despite the geopolitical situation, the Saudi economy -especially non-oil activities, and public finances have been resilient.
The agency expects real GDP growth to slow to 0.6% in 2026 and rebound in 2027 as the normalization of flow through the strait of Hormuz allows higher oil and petrochemicals production, before easing to 2.9% in 2028.
