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Standard & Poor's affirms Kingdom's A+ rating
Standard & Poor's has affirmed Saudi Arabia's rating at "A+" with a stable outlook, highlighting the country's economic resilience in facing geopolitical tensions. This is particularly supported by diversifying sources of income, developing the energy infrastructure, and directing oil exports through the East-West pipeline. Real growth is expected to slow to 0.9% in 2026, but the agency projects an increase of 8.2% in 2027, supported by continued growth in the non-oil sector, which accounts for 70% of GDP. The agency remains optimistic about structural reforms that strengthen the economic future and contribute to achieving the sustainable goals of Saudi Vision 2030.
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