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

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

RIYADH, July 11, Saudi Arabia Breaking News — Fitch Ratings has affirmed Saudi Arabia’s sovereign credit rating at “A+” with a stable outlook, citing the Kingdom’s strong fiscal position, substantial financial buffers and resilience amid geopolitical pressures.

The rating agency said Saudi Arabia’s government debt and sovereign net foreign assets remain considerably stronger than the median levels recorded across both the “A” and “AA” rating categories.

Fitch also highlighted the resilience of the Saudi economy, particularly its non-oil sectors, and the strength of public finances despite the geopolitical environment.

The agency expects Saudi Arabia’s real gross domestic product growth to slow to 0.6% in 2026 before rebounding in 2027, as the normalization of traffic through the Strait of Hormuz supports higher oil and petrochemicals production.

Economic growth is then forecast to moderate to 2.9% in 2028.