Commodities

S&P Reaffirms Saudi Arabia's A+ Credit Rating with Stable Outlook

Guavy AI Editorial Team Published September 13, 2026

Instruments

Oil

Saudi Arabia's credit ratings have been reaffirmed by S&P Global Ratings at A+/A-1, with a stable outlook. This reflects the kingdom's ability to withstand regional pressures and maintain non-oil growth. The agency highlighted Saudi Arabia's diversified energy infrastructure and fiscal buffers as key strengths.

The stable outlook is based on S&P's assessment that Saudi Arabia can absorb disruptions in the Middle East while maintaining its economic flexibility. The agency expects real GDP to contract 0.9% in 2026, but rebound by 8.2% in 2027 due to increased oil production.

Saudi Arabia's non-oil sector has remained resilient despite regional tensions, supported by continued consumer spending. Non-oil activities now account for around 70% of GDP, up from 65% in 2018.

S&P Reaffirms Saudi Arabia's A+ Credit Rating with Stable Outlook

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