Saudi Arabia’s credit rating stable, confidence rising | ZAWYA MENA Edition:
"Moody’s says in its annual credit analysis report on Saudi Arabia that the Kingdom’s (A1 stable) credit strengths include a strong fiscal position; substantial external liquidity buffers; a large stock of proved oil reserves combined with low extraction costs; and prudent financial system regulation.
“The stable outlook reflects our view that risks to Saudi Arabia's credit profile are broadly balanced. The government’s reform program, including the plans to balance the fiscal budget by 2023, could over time offer a route back to a higher rating level,” Moody’s Investors Service said on Monday.
This credit analysis elaborates on Saudi Arabia’s credit profile in terms of economic strength, institutional strength, fiscal strength and susceptibility to event risk, which are the four main analytic factors in our Sovereign Bond Rating methodology."
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