Moody’s has affirmed Saudi Arabia’s sovereign credit rating at “Aa3” with a stable outlook.
The agency cited the Kingdom’s strong economy, supported by its vast oil wealth and strong competitive position in global energy markets, in addition to improved institutional and government policy performance.
It added that Saudi Vision 2030 continues to support non-oil sector growth through sustained government investment, structural reforms, and improved fiscal and economic transparency.
The stable outlook, according to Moody’s, reflects the Kingdom’s resilience against regional geopolitical tensions and potential disruptions, supported by its continued flexibility, including its ability to redirect crude oil exports to the Red Sea through the East-West pipeline.
The agency also expects Saudi Arabia to continue making progress in economic diversification over the coming years as a result of broad reforms across judicial, economic, and social programs, which have helped accelerate growth in the services sector and the non-oil economy.
Moody’s added that non-oil private sector GDP growth is expected to return to around 4%-5% once regional geopolitical tensions ease, among the highest growth rates in the Gulf region, reflecting ongoing structural reforms, strong government investment momentum, and a growing contribution from the private sector.
Moody’s has affirmed Saudi Arabia’s sovereign credit rating at “Aa3” with a stable outlook.
The agency cited the Kingdom’s strong economy, supported by its vast oil wealth and strong competitive position in global energy markets, in addition to improved institutional and government policy performance.
It added that Saudi Vision 2030 continues to support non-oil sector growth through sustained government investment, structural reforms, and improved fiscal and economic transparency.
The stable outlook, according to Moody’s, reflects the Kingdom’s resilience against regional geopolitical tensions and potential disruptions, supported by its continued flexibility, including its ability to redirect crude oil exports to the Red Sea through the East-West pipeline.
The agency also expects Saudi Arabia to continue making progress in economic diversification over the coming years as a result of broad reforms across judicial, economic, and social programs, which have helped accelerate growth in the services sector and the non-oil economy.
Moody’s added that non-oil private sector GDP growth is expected to return to around 4%-5% once regional geopolitical tensions ease, among the highest growth rates in the Gulf region, reflecting ongoing structural reforms, strong government investment momentum, and a growing contribution from the private sector.
