Fitch Affirms Saudi Arabia at 'A+'; Outlook Stable - Fitch Ratings

2 days ago · Fitch Ratings - London - 31 Jan 2025: Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A+' with a Stable Outlook.. A full …

CouponFollow Extension

FAQs about Fitch Affirms Saudi Arabia at 'A+'; Outlook Stable - Fitch Ratings Coupon?

How does Fitch rank Saudi Arabia?

Fitch's proprietary SRM assigns Saudi Arabia a score equivalent to a rating of 'A-' on the Long-Term Foreign-Currency IDR scale. ...

Is Saudi Arabia's long-term foreign-currency Issuer Default Rating stable?

Fitch Ratings - Hong Kong - 15 Jul 2021: Fitch Ratings has revised the Outlook on Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'A'. A full list of rating actions is at the end of this rating action commentary. ...

Why did Saudi Arabia upgrade its ratings?

Balance Sheet Strength Drives Upgrade: The upgrade of Saudi Arabia's ratings reflects its strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the 'A' and 'AA' medians, and significant fiscal buffers in the form of deposits and other public sector assets. ...

Does Saudi Arabia have a strong balance sheet?

Balance Sheet Strength: Saudi Arabia's ratings reflect its strong fiscal and external balance sheets, with government debt/GDP and sovereign net foreign assets (SNFA) considerably stronger than both the 'A' and 'AA' medians, and significant fiscal buffers in the form of deposits and other public sector assets. ...

What is Fitch's SRM?

Fitch's SRM is the agency's proprietary multiple regression rating model that employs 18 variables based on three-year centred averages, including one year of forecasts, to produce a score equivalent to a LT FC IDR. ...

Who uses Fitch's international credit ratings?

Fitch’s international credit ratings produced outside the EU or the UK, as the case may be, are endorsed for use by regulated entities within the EU or the UK, respectively, for regulatory purposes, pursuant to the terms of the EU CRA Regulation or the UK Credit Rating Agencies (Amendment etc.) (EU Exit) Regulations 2019, as the case may be. ...