S&P affirms Saudi Arabia’s rating at 'A-/A-2', outlook stable

27/03/2020 Argaam

 

S&P Global maintained Saudi Arabia’s sovereign credit ratings at ‘A-/A-2’ with a stable outlook.

 

The estimates of the Kingdom’s strong net asset-stock position on its fiscal and external balances continues to be a key ratings support.

 

However, prolonged low oil prices without a significant fiscal adjustment could lead to an erosion of the net asset stock position and put pressure on Saudi Arabia's ratings, S&P Global added.

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