S&P affirms Saudi ratings at ‘A-/A-2’ with stable outlook

06/10/2018 Argaam

 

Standard & Poor’s Global Ratings has affirmed Saudi Arabia’s long- and short-term ratings at “A-/A-2” with a stable outlook.

 

The Saudi economic growth is expected to stabilize at an average of 2 percent during 2019-2021, the firm said.

 

The stable outlook is based on expectation that Saudi authorities will take steps to consolidate public finances over next two years, it said.

 

S&P added that Saudi Arabia ratings are driven by “strong” external and fiscal stock positions.

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