Fitch Ratings has affirmed Saudi Arabia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at "A+" with a Stable Outlook, the agency said on Friday.
The decision underscores the kingdom's robust fiscal position and external buffers, which continue to support its sovereign creditworthiness.
This affirmation comes as Saudi Arabia's Public Investment Fund (PIF) reported a doubling of its operating profit for the fiscal year 2025, alongside a surge in total assets to $1.
Fitch highlighted the strength of Saudi Arabia's balance sheets as a key pillar of the rating, reflecting the resilience of the economy despite global headwinds.
This affirmation comes as Saudi Arabia's Public Investment Fund (PIF) reported a doubling of its operating profit for the fiscal year 2025, alongside a surge in total assets to $1.21 trillion.
The sovereign wealth fund's performance signals the progress of the kingdom's broader economic diversification strategy, reducing reliance on hydrocarbon revenues.
In regional markets, investor sentiment remains constructive.