Saturday 6 September 2014

Fitch Affirms Saudi Arabia at 'AA'; Outlook Stable | Reuters

Fitch Affirms Saudi Arabia at 'AA'; Outlook Stable | Reuters:



"Fitch Ratings has affirmed Saudi Arabia's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'AA'. The Outlooks on the Long-term IDRs are Stable. The Country Ceiling has been affirmed at 'AA+' and the Short-term foreign currency IDR at 'F1+'. KEY RATING DRIVERS The affirmation reflects the following factors: Saudi Arabia has exceptionally strong sovereign and external balance sheets. "



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