Standard & Poors Credit Rating for Saudi Arabia Upgrades Outlook from Stable to Positive

S&P: Saudi Arabia’s Strong Net Asset Position is Major Support For its Rating
S&P: Saudi Arabia’s Strong Net Asset Position is Major Support For its Rating

The most recent updated Standard & Poors credit rating has upgraded its outlook for the Kingdom of Saudi Arabian economy from stable to positive "A- / A-2".

At the same time, it confirmed its short and long term sovereign credit assessment at "A- / A-2".

Such positive expectations reflect the improvement of the gross domestic product of the country and its medium term general budget related to its recovery from coronavirus COVID-19 pandemic in addition to developments at the oil industry sector and contiuation of government reforms program.

S&P: Saudi Arabia’s Strong Net Asset Position is Major Support For its Rating
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