Tuesday 21 November 2017

Ratings boost for Saudi reform program | Arab News

Ratings boost for Saudi reform program | Arab News:

"Political reforms in Saudi Arabia have potentially lifted the country’s appeal to investors, as well as widening opportunities for Saudi citizens, according to a report out today from New York-based credit ratings agency Standard & Poor’s. With that in mind, the agency said its ratings on KSA debt were unchanged at ‘A-/A-2’ , and the outlook remained ‘stable’. The stable outlook was based on S&P’s expectation that the Saudi authorities would continue to take steps to consolidate public finances and maintain government liquid assets close to 100 percent of GDP over the next two years."



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