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S&P Global upgrades credit rating of Saudi Arabia to A+
Gulf Today
|March 16, 2025
S&P Global upgraded the Kingdom of Saudi Arabia's local and foreign currency credit rating to A+ with a stable outlook, Saudi Press Agency reported.
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The rating agency stated that the upgrade with a stable outlook reflects the Kingdom's continued progress in economic diversification, sustained growth of the non-oil sector, and development of the local capital market. These factors help offset the risks associated with rising external sovereign debt, which is being strategically invested to achieve the objectives of Saudi Vision 2030 while managing debt servicing costs.
Diese Geschichte stammt aus der March 16, 2025-Ausgabe von Gulf Today.
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