S&P Confirms Saudi Arabia's Credit Rating at A-with Stable Outlook

  • 2/5/2023
  • 04:58
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Riyadh, Mar 28, 2021, SPA -- S&P credit rating agency has affirmed the Kingdom of Saudi Arabia's credit rating at "A-" with a stable outlook. It said in a statement that after the downturn in 2020, the Saudi economy is expected to return to the positive growth in 2021. S&P also expects that the level of the Kingdom's current account will return to the surplus with a reduction in fiscal deficit ratios, based on improved global macroeconomic conditions and a rebound in oil prices as the world begins to recover from the pandemic. --SPA 03:22 LOCAL TIME 00:22 GMT 0003 www.spa.gov.sa/w1531832

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