Saudi Arabia’s outlook upgrade by Fitch affirms Kingdom’s positive structural reforms: Al-Jadaan

15/07/2021 Argaam

Mohammed Al-Jadaan, Minister of Finance

Mohammed Al-Jadaan, Minister of Finance, said that Saudi Arabia’s outlook upgrade by Fitch Ratings to “stable” affirms the positive measures and structural reforms adopted by the Kingdom in the last five years, in line with Vision 2030.

 

“This was positively reflected on the effectiveness of financial policy and efficiency of government work,” Al-Jadaan added on his Twitter account.

 

Fitch affirmed today, July 15, Saudi Arabia’s long-term foreign-currency issuer default rating (IDR) rating at “A” and revised outlook to “stable” from “negative”.

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