"Fitch" It confirms the Kingdom’s credit rating at A+ with a stable outlook
Confirmed credit rating The agency explained in its report thatreflects the strength of its financial position; The assessment of the debt-to-GDP ratio and sovereign net foreign assets is significantly stronger than the averages of the “A” and “A” ratings "AA"
The agency also indicated that the Kingdom possesses significant financial reserves in the form of deposits and other public sector assets.
The Kingdom’s credit rating
The agency also expects that the growth of the gross domestic product will reach 4.8% in the year 2026 AD, while the deficit is expected to shrink to 3.6% of the GDP at the end of the year 2027 AD, with non-oil revenues continuing to benefit from the booming economic activity and improving efficiency. Revenues.
The agency praised the momentum of reforms, which included the updated investment system and continuing to open the real estate and stock markets to foreign investors.
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