SP Global Ratings affirmed its credit rating for Saudi Arabia at “A+/A-1”, maintaining a stable outlook.
The agency noted that its base-case scenario assumes that the key threats facing the Kingdom will ease by the end of March, amid a reduction in regional tensions.
Regarding the risks of a potential closure of the Strait of Hormuz, the agency believes the Kingdom has the capacity to mitigate this scenario by redirecting its oil and gas exports to the port of Yanbu on the Red Sea, using the east–west oil pipeline.
SP said the stable outlook reflects its confidence in the Kingdom’s ability to absorb and overcome the repercussions of the current regional conflict.
SP Global Ratings affirmed its credit rating for Saudi Arabia at “A+/A-1”, maintaining a stable outlook.
The agency noted that its base-case scenario assumes that the key threats facing the Kingdom will ease by the end of March, amid a reduction in regional tensions.
Regarding the risks of a potential closure of the Strait of Hormuz, the agency believes the Kingdom has the capacity to mitigate this scenario by redirecting its oil and gas exports to the port of Yanbu on the Red Sea, using the east–west oil pipeline.
SP said the stable outlook reflects its confidence in the Kingdom’s ability to absorb and overcome the repercussions of the current regional conflict.
