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Saudi credit rating remains stable
Standard & Poor's affirms that Saudi Arabia's credit rating remains at A+ with a stable outlook, despite revising down its projections for economic growth in 2026 to a contraction of 0.9% due to geopolitical pressures. However, growth is expected to rebound to 8.2% in 2027 driven by increased oil production. The agency indicates that the Saudi economy is capable of absorbing shocks through diversified energy export infrastructure, multiple export pathways, and storage and refining capacities, which help mitigate the impact of geopolitical tensions on the economy. It also notes that non-oil growth—which now accounts for 70% of the GDP—remains resilient despite challenges. The kingdom’s financial resilience is reinforced by high foreign exchange reserves and prudent fiscal policies. Furthermore, the continued implementation of Saudi Vision 2030 and the rating's stability persist despite economic and geopolitical challenges.
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