Fitch Affirms Saudi Arabia’s ‘A+’ Rating with Stable Outlook

Riyadh, January 18, 2026 (Saudi Arabia Breaking News) – Fitch Ratings affirmed Saudi Arabia’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A+’ with a Stable Outlook, citing strong fiscal and external positions.

Fitch said the Kingdom’s government debt-to-GDP ratio and sovereign net foreign assets remain considerably stronger than the median for both the ‘A’ and ‘AA’ rating categories. The agency noted that Saudi Arabia maintains substantial fiscal buffers through deposits and other public-sector assets.

According to Fitch’s projections, Saudi Arabia’s GDP growth is expected to reach 4.8% in 2026, supported by continued economic momentum. The fiscal deficit is forecast to narrow to 3.6% of GDP by 2027, with non-oil revenues benefiting from economic expansion and improvements in revenue collection.

The agency said Saudi Arabia continues to advance structural reforms, including the adoption of a new investment law and further steps to open real estate and stock markets to foreign investors.