Riyadh, Rabi'I 14, 1440, Nov 22, 2018, SPA -- Fitch Ratings has affirmed the growth of the Kingdom of Saudi Arabia's economy at 'A+' with a Stable Outlook. The affirmation of the ratings and Outlook were welcomed by the Saudi Ministry of Finance. Fitch increased its estimate for the growth of the Kingdom's economy in 2018 by 2.2% compared to 1.8% in its previous report in June. Fitch's report in this regard comes in line with the estimates of the International Monetary Fund's estimates on Saudi economy's growth. The affirmation of the positive ratings and Outlook reflect the confidence in the Saudi economy and the effectiveness of the economic reforms taken by the Kingdom's government within the framework of the Fiscal Balance Program to achieve its goals in 2023. --SPA 01:02 LOCAL TIME 22:02 GMT 0037 www.spa.gov.sa/w792620