Fitch Ratings has reaffirmed Saudi Arabia’s long-term foreign currency credit rating at A+ with a stable outlook, citing the Kingdom’s strong financial position and economic resilience.
The ratings agency said Saudi Arabia continues to benefit from substantial government assets, strong foreign reserves, and fiscal buffers that support its credit profile.
Fitch highlighted the Kingdom’s ability to maintain economic stability despite regional challenges, noting that growth in non-oil sectors and careful fiscal management have helped strengthen the economy.
The agency also praised Saudi Arabia’s banking sector, describing it as stable and well-capitalized, with low levels of non-performing loans and strong deposit growth.
Fitch expects economic growth to slow in 2026 before improving in 2027, supported by the recovery of oil and petrochemical production, as well as continued investment in major development projects.
The agency said growth will also be supported by spending from the Public Investment Fund, improving business confidence, and steady consumer activity.
Fitch added that Saudi Arabia’s economic diversification efforts, stronger institutions, and improved governance continue to enhance the Kingdom’s long-term financial outlook.
