Strong sovereign net foreign assets
Fitch upgrades Saudi Arabia to 'A+'
The ratings agency says the upgrade is due to Saudi Arabia’s robust fiscal and external balance sheets.
Wednesday 05/04/2023
Strong sovereign net foreign assets
LONDON - Ratings agency Fitch on Wednesday upgraded Saudi Arabia to 'A+' from 'A', citing country's robust fiscal and external balance sheets, including a favourable debt-to-GDP ratio and strong sovereign net foreign assets.