S&P: Saudi Arabia’s Strong Net Asset Position is Major Support For its Rating

S&P: Saudi Arabia’s Strong Net Asset Position is Major Support For its Rating

S&P Global credit rating agency placed its credit rating of Saudi Arabia at A- / A-2 with a stable outlook. In a statement, the agency said that the Kingdom’s strong net asset position remains a major support for its rating. The agency lowered its forecast for the economic contraction this year from 5% to 4.5%....

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