Moody's Affirms Saudi Arabia's A1 Ratings, Maintains Stable Outlook

Moody's Investors Service affirmed the government of Saudi Arabia's long-term issuer and senior unsecured ratings at A1 with a stable outlook. In a recent report about the Saudi economy, Moody’s indicated that the affirmation of Saudi Arabia's A1 ratings is supported by its baseline view that the fiscal consolidation expected at the time of the last rating action will continue over the medium term, ensuring stabilization of the government's debt burden below 30 percent of GDP. The report added that Moody's continuing expectation that the government's ambitious structural reform agenda w

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