Fitch affirms Saudi Arabia’s ‘A+’ sovereign credit rating with a stable outlook
Fitch Ratings affirmed Saudi Arabia’s sovereign credit rating at ‘A+’ with a stable outlook. 
The agency said the rating reflects the Kingdom’s strong fiscal position and substantial financial reserves, noting that government debt levels and sovereign net foreign assets remain significantly stronger than the averages for countries rated in the A and AA categories.
Fitch added that despite ongoing geopolitical challenges, Saudi Arabia has maintained economic resilience through the strength of its non-oil economy and fiscal position.
The agency expects Saudi Arabia’s real GDP growth to slow to 0.6% in 2026 before rebounding in 2027, supported by the resumption of shipping flows through the Strait of Hormuz, which is expected to boost oil and petrochemical production. Growth is forecast to reach 2.9% by 2028.
Fitch affirms Saudi Arabia’s ‘A+’ sovereign credit rating with a stable outlook
Fitch Ratings affirmed Saudi Arabia’s sovereign credit rating at ‘A+’ with a stable outlook.
The agency said the rating reflects the Kingdom’s strong fiscal position and substantial financial reserves, noting that government debt levels and sovereign net foreign assets remain significantly stronger than the averages for countries rated in the A and AA categories.
Fitch added that despite ongoing geopolitical challenges, Saudi Arabia has maintained economic resilience through the strength of its non-oil economy and fiscal position.
The agency expects Saudi Arabia’s real GDP growth to slow to 0.6% in 2026 before rebounding in 2027, supported by the resumption of shipping flows through the Strait of Hormuz, which is expected to boost oil and petrochemical production. Growth is forecast to reach 2.9% by 2028.
