S&P affirms Kingdom's A+ rating
Standard & Poor's credit rating agency has affirmed Saudi Arabia's rating at "A+" with a stable outlook. This reflects the Kingdom's ability to withstand geopolitical pressures in the region, thanks to its diversified export and energy sectors, its resilience in leveraging oil reserves, and the ongoing non-oil growth, which accounts for 70% of the GDP. Projections indicate a real GDP decline of 0.9% in 2026, followed by an increase of 8.2% in 2027. The agency confirms that reforms and economic strategies are contributing to financial stability and the diversification of income sources, in line with the Kingdom's Vision 2030.
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