S&P keeps Saudi rating at A+
A report by Standard & Poor's confirms that Saudi Arabia's credit rating remains stable at A+/A-1 with a stable outlook, despite regional tensions and conflicts in the Middle East. The report highlights the Saudi economy's resilience to shocks, supported by continuous oil exports averaging around 6.9 million barrels per day between March and August, and the use of the East-West pipeline, which increases capacity to 7 million barrels per day, to reduce dependence on the Strait of Hormuz. It also forecasts a strong economic recovery in 2027, with growth reaching up to 8.2%, following an expected decline of 0.9% in 2026, and a reduction in the budget deficit to 3.4% of GDP by 2029. This reflects Saudi Arabia's ability to safeguard energy flows, prepare for robust economic growth, and manage projects flexibly within Vision 2030 to ensure the sustainability of financial and economic stability.
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