" /> " /> " />

Fitch: Saudi ratings affirmed at AA-

14 January 2010

Saudi Arabia's Long-term local and foreign currency Issuer Default ratings (IDRs) have been affirmed by Fitch Ratings at 'AA-', both with 'Stable' outlooks. The kingdom's Country Ceiling and Short-term foreign currency IDR were also affirmed at 'AA' and 'F1+', respectively. "The financing flexibility offered by the government's balance sheet - built up by saving past oil revenues - has enabled it to forge ahead with spending plans without raising borrowing," Fitch said.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications