Riyadh – BETH | Saturday, 26 July 2025

International credit rating agency Fitch Ratings has reaffirmed the Kingdom of Saudi Arabia’s long-term credit rating at A+, maintaining a Stable Outlook, according to its most recent report. The rating reflects the strength of the Kingdom’s financial position and continued progress in structural reforms aimed at boosting economic resilience.

🔍 Key Highlights from Fitch’s Report:

🔹 Strong Fiscal Position:
Fitch noted that Saudi Arabia’s debt-to-GDP ratio and net sovereign foreign assets are significantly stronger than the average for countries rated in the "A" and "AA" categories.

🔹 Robust Reserves:
The Kingdom maintains substantial financial reserves, including government deposits and other public-sector assets, underscoring the resilience of its fiscal profile.

🔹 Sovereign Net Foreign Assets:
Fitch projects that sovereign net foreign assets will remain a key strength, reaching approximately 35.3% of GDP by 2027, compared to the “A” category median of just 3.1% of GDP.

🔹 Ongoing Fiscal Reforms:
The report commended Saudi Arabia’s continuing efforts to implement financial and economic reforms, particularly those that enhance non-oil revenue streams and strengthen the budget’s ability to absorb oil market fluctuations.

💬 BETH Analysis:

This affirmation reflects international confidence in the sustainability and credibility of Saudi Arabia’s fiscal and economic strategy.
Maintaining an A+ rating with a stable outlook amid a volatile global environment is a clear endorsement of the Kingdom’s structural reforms, economic diversification efforts, and long-term policy vision under Vision 2030.