8 Hrs
الاقتصادية
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الاقتصادية

2026-09-11T21:49:26.977Z

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الاقتصادية

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S&P Keeps Saudi Rating Amid Risks

S&P Keeps Saudi Rating Amid Risks

S&P Global Ratings assigns a rating of +A to Saudi Arabia with a stable outlook, despite ongoing tensions between the United States and Iran and security threats to Red Sea navigation. The agency forecasts that Saudi Arabia’s GDP will contract by 0.9% in 2026 due to declining oil production and weak non-oil activities, before rebounding by 8.2% in 2027 thanks to increased production and improved non-oil revenues. It emphasized that prudent expenditure management, leveraging oil reserves, and policy adjustments strengthen the economy’s resilience to pressures and support an average growth rate of 3.3% during 2028 and 2029.

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