S&P Maintains Saudi A+ Rating
The article focused on the assessment of Saudi Arabia's credit rating, where Standard & Poor's maintained the rating at A+ with a stable outlook. The agency highlighted Saudi Arabia's ability to face economic challenges and regional conflicts thanks to its diverse energy export infrastructure, including the East-West pipeline that transports around 7 million barrels per day. The country's GDP is expected to decline by 0.9% in 2026 before rebounding by 8.2% in 2027 due to increased oil production, with an average growth of 3.3% anticipated between 2028 and 2029. The agency also forecasted a reduction in the budget deficit to an average of 3.4% of GDP from 2027 to 2029, as the government and the Public Investment Fund continue to implement projects from Vision 2030.
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