Via John Benny in thenationalnews.com: “S&P Global Ratings has affirmed Saudi Arabia’s rating at “A-/A-1” with a stable outlook and said the kingdom would return to fiscal surpluses in 2024 on higher crude production as well as growth in its non-oil economy. The A-/A-1 rating indicates the obligors strong capacity to meet its financial commitments. “Reforms in the past few years, including measures to drive non-oil economic growth and widen the non-oil tax base, alongside significant social liberalisation, should continue to improve Saudi Arabias economic and fiscal profile,” the rating agency said on Friday.”
