Fitch Ratings has affirmed Saudi Arabia's credit rating at "+A" with a stable outlook, according to its recent report, indicating that the credit rating of Saudi Arabia reflects the strength of its financial position.
Fitch added that the assessment of the debt-to-GDP ratio and the net foreign sovereign assets are significantly stronger than the averages for "A" and "AA" ratings.
The agency clarified that Saudi Arabia possesses considerable financial reserves in the form of deposits and other public sector assets.
Fitch expects GDP growth to reach 4.8% in 2026, while the deficit is expected to shrink to 3.6% of GDP by the end of 2027, with non-oil revenues continuing to benefit from thriving economic activity and improved revenue efficiency.
The agency praised the momentum of the reforms, which included the updated investment system and the continued opening of the real estate and stock markets to foreign investors.
