Saudibanksmaintain solid credit profiles, with financial metrics displaying lower sensitivity to economic downturns than most GCC peers, Fitch Ratings saidin a new report.
The Saudi operating environment is favourable, as reflected in our ‘bbb+’ score, which is the highest in the GCC (along with the UAE). It is underpinned by still-high government spending, ongoing economic diversification and non-oil growth under Vision 2030, as well as progress on giga projects. 
Saudibanksmaintain solid credit profiles, with financial metrics displaying lower sensitivity to economic downturns than most GCC peers, Fitch Ratings saidin a new report.
The Saudi operating environment is favourable, as reflected in our ‘bbb+’ score, which is the highest in the GCC (along with the UAE). It is underpinned by still-high government spending, ongoing economic diversification and non-oil growth under Vision 2030, as well as progress on giga projects.
