Kingdom Receives A+ Credit Rating
The credit rating agency Standard & Poor's has affirmed the Kingdom of Saudi Arabia's rating at A+ with a stable outlook. The report reflects the country's ability to withstand geopolitical tensions in the region, thanks to a diversified oil export infrastructure, the reorientation of oil exports through the East-West pipeline, as well as its flexibility in storing and refining oil both domestically and internationally. The agency also noted ongoing non-oil growth and non-oil revenues, with the government able to realign spending to support the path of Saudi Arabia’s Vision 2030. Despite this, it forecasts a decrease in GDP of 0.9% in 2026, followed by an increase of 8.2% in 2027. The non-oil sector accounts for approximately 70% of the GDP, and the country's assets and foreign exchange reserves remain high, with the Kingdom committed to structural reforms to ensure the sustainability of financial and economic growth.
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