Saudi Arabia has potential for ratings upgrade, says Fitch - Alarabiya.net English | Front Page

Saudi Arabia has potential for ratings upgrade, says Fitch - Alarabiya.net English | Front Page:

"Saudi Arabia has the potential for a ratings upgrade during the next 18 months, a senior executive at Fitch told Al Arabiya.
The nation is currently rated ‘AA-’, but further labor-market reforms and diversification of the economy could prompt an upgrade, the credit-ratings agency said.
There is “some potential” for such a move over the next 18 months, said Tony Stringer, the Managing Director and Chief Operating Officer of Global Sovereigns and Supranationals at Fitch Ratings.
Credit ratings are used by investors to assess the risk of a particular market, and a better rating can lead to stronger economic growth."

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