Saudi Arabia’s S&P rating upgraded to ’A+’ from ’A’ amid economic transformation

Published 15/03/2025, 10:28
Saudi Arabia’s S&P rating upgraded to ’A+’ from ’A’ amid economic transformation

Investing.com -- On Friday, global ratings agency S&P upgraded Saudi Arabia’s rating from ’A’ to ’A+’ with a stable outlook as continuous social and economic changes have been taking place in the country.

Fitch mentioned that the nation’s Vision 2030 project offers some flexibility in managing capital expenditure and debt issuance. This ongoing project is expected to stimulate activity in various sectors such as construction, logistics, manufacturing, and mining.

According to the report, these developments could lead to GDP growth over the period of 2025-28.

Earlier in the week, the ratings agency anticipated that the Saudi government would reduce capital expenditure and related current spending in 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.