SAUDI ARABIA: Moody’s upgrades back to Aa3 and above Kuwait

GULF COUNTRIES - Report 25 Nov 2024 by Justin Alexander

Moody's upgraded Saudi Arabia to Aa3 due to progress in economic diversification and a track record of good fiscal governance. This is its highest rating since 2016 and, for the first time, it is rated more highly than Kuwait, despite much weaker per citizen wealth metrics.

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