Riyadh, Saudi Arabia – Standard & Poor's (S&P) affirmed the Kingdom's credit rating in local and foreign currency at "A/A-1" with an improvement in outlook from "stable" to "positive," according to its recently issued report. In its report, S&P explained that its affirmation of the Kingdom's strong credit rating results...
S&P affirms Saudi Arabia’s A/A-1 credit rating
Riyadh, Saudi Arabia - The international credit rating agency S&P Global Rating affirmed its foreign and local currency sovereign credit ratings of Saudi Arabia at 'A/A-1' with stable outlook. The agency indicated in its report that this rating affirmation is a result of the continuation of the Kingdom's economic and...
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Fitch and Capital Intelligence agencies also continued to rate Qatar's sovereign rating at the level of AA with a stable outlook, which reflects Qatar's strong creditworthiness.Standard & Poor’s upgrades Qatar’s rating to AA with stable outlook
The agency expects that Qatar would achieve large budget surpluses and sustainably reduce debt servicing costs due to the government's successful strategy to pay off debts.
Fitch enhances Ras Al Khaimah rating to ‘A’, outlook upgraded to ‘positive’
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The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center of investors' attention.
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The agency predicted the Saudi economy will return to positive growth in 2021, and the current account level will return to surplus as the fiscal deficit shrinks in 2021, accompanied by a reduction in the level of debt in the medium term.Ras Al Khaimah set for healthy post-pandemic growth: S&P Global
The emirate is expected to see a growth of around 2.5 percent between 2021 and 2024.Moody’s changes Oman economy outlook to Stable
Moody’s expects Oman’s current account deficit to decline below 4 percent of the GDP in 2021-23 from more than 13 percent in 2020.
