Saudi Arabia | Credit Rating

Fitch Ratings has downgraded Saudi Arabia's long-term foreign sovereign credit rating by one notch to 'A+' from 'AA-', reflecting the continued deterioration of public and external balance sheets, wider than expected fiscal deficit in 2016 and continued doubts about the extent to which the government's ambitious reform programme can be implemented. The outlook is stable. Standard & Poor's credit rating for Saudi Arabia stands at A- with stable outlook. Moody's credit rating for Saudi Arabia was last set at A1 with stable outlook. . In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Saudi Arabia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Saudi Arabia as reported by major credit rating agencies. 3/24/2017


AgencyRatingOutlookDate
FitchA+ Stable Mar 22 2017
Moody'sA1 Stable May 14 2016
IE80 Stable Apr 16 2016
TE86 Stable Apr 16 2016
FitchAA- Negative Apr 12 2016
S&PA- Stable Feb 17 2016
S&PA+ Negative Oct 30 2015
FitchAA Negative Aug 24 2015
S&PAA- Negative Feb 09 2015
S&PAA- Stable Dec 05 2014
IE86 Positive Apr 22 2014
IE86 Positive Mar 21 2014
FitchAA Stable Mar 07 2014
IE85 Positive Oct 15 2013
IE85 Positive Jul 18 2013
IE85 Positive Jun 10 2013
S&PAA- Positive May 29 2013
FitchAA- Positive Mar 20 2013
IE85 Stable Nov 28 2011
IE85 Stable Aug 05 2011
IE85 Stable Aug 02 2011
IE85 Stable Jul 14 2011
IE85 Stable Jul 13 2011
IE85 Stable Apr 18 2011
Moody'sAa3 Negative Watch Mar 04 2011
Moody'sAa3 Stable Feb 15 2010
FitchAA- Stable Jul 09 2009
FitchA+ Positive Jul 31 2007
Moody'sA1 Positive Jul 24 2007
S&PAA- Stable Jul 16 2007
Moody'sA2 Positive Oct 04 2006
Moody'sA3 Positive Watch Sep 07 2006
FitchA+ Stable Aug 17 2006
S&PA+ Stable Apr 05 2006
S&PA Positive Jan 05 2006
Moody'sA3 Stable Nov 14 2005
Moody'sBaa2 Positive Watch Oct 03 2005
FitchA Stable Nov 24 2004
S&PA Stable Jul 14 2003
Moody'sBaa2 Stable Jun 16 2003
IE55 Stable Sep 21 2000
IE55 Stable Apr 01 1996
Moody'sBaa3 Stable Jan 29 1996

 S&P Moody's Fitch TERating
B+ Stable B1 Stable   35
BBB- Stable   BBB Positive 65
B Negative B1 Negative B Negative 41
B- Stable B3 Positive B Stable 15
  B1 Stable B+ Stable 43
BBB+ Positive   BBB- Stable 63
AAA Negative Aaa Stable AAA Stable 97
AA+ Stable Aa1 Negative AA+ Stable 96
BB+ Negative Ba1 Negative BB+ Negative 55
BB+ Stable Baa3 Stable   65
BB- Stable Ba2 Negative BB+ Stable 60
BB- Stable Ba3 Stable BB- Stable 40
CCC+ Negative Caa3 Stable   53
B- Stable Caa1 Stable B- Stable 25
AA Stable Aa3 Stable AA- Stable 88
SD N/A Caa2 Stable   25
N/A N/A   N/A N/A 30
A+ Stable A2 Stable N/A N/A 91
BB Stable Ba3 Negative BB- Stable 38
B Stable B3 Stable   28
A- Negative A2 Stable   73
BB Negative Ba2 Stable BB Negative 34
BB+ Stable Baa2 Stable BBB- Stable 53
B- Positive     30
N/A N/A B2 Stable   30
B Stable B2 Stable B Stable 30
AAA Stable Aaa Stable AAA Stable 99
B Stable   B Stable 35
  Aa3 Stable   85
AA- Negative Aa3 Stable A+ Negative 78
AA- Negative Aa3 Negative A+ Stable 80
BBB Negative Baa2 Stable BBB Stable 52
B- Negative B3 Stable   25
BB- Negative Ba2 Negative BB Stable 50
BB Stable Ba2 Stable BB Stable 45
  Caa2 Positive   20
BB+ Stable B1 Positive BB- Positive 36
AA- Stable A1 Stable A+ Stable 81
AAA Stable Aaa Stable AAA Stable 100
BB- Stable B1 Positive BB- Stable 36
B Stable B3 Stable B Negative 29
B- Stable B3 Stable B Stable 28
B- Negative B3 Negative B Negative 41
AA- Stable A1 Stable A+ Stable 81
B Stable B1 Stable B Stable 31
AA Stable     99
B+ Stable B1 Positive   33
AA+ Stable Aa1 Stable AA+ Stable 96
AA Stable Aa2 Stable AA Stable 90
B Stable B1 Negative B+ Negative 40
BB- Stable Ba3 Stable BB- Stable 38
AAA Stable Aaa Stable AAA Stable 100
B- Stable B3 Stable B Negative 31
B- Stable Caa3 Stable CCC N/A 10
SD Negative    
BB Negative Ba1 Stable BB Stable 49
B+ Positive B2 Positive   33
AAA Negative Aa1 Negative AA+ Stable 95
BBB- Stable Baa3 Stable BBB- Stable 47
A Stable A3 Stable BBB+ Positive 55
BBB- Stable Baa3 Positive BBB- Stable 48
BB+ Positive Baa3 Positive BBB- Positive 46
B- Stable   B- Stable 25
A+ Stable A3 Positive A Stable 70
N/A N/A Aa1 Negative   98
A+ Stable A1 Stable A+ Stable 76
BBB- Stable Baa2 Negative BBB+ Negative 60
  Ba3 Stable B+ Stable 38
B Stable B3 Stable B Stable 24
A+ Stable A1 Stable A Negative 78
BB- Negative B1 Stable   45
BBB- Negative Baa3 Negative BBB Stable 61
B+ Stable B1 Stable B+ Negative 20
AA Stable Aa2 Negative AA Stable 90
NR N/A B2 Stable   30
A- Stable A3 Stable A- Stable 69
B- Stable B2 Negative B- Stable 31
    B+ Stable 40
AAA Stable     100
A- Stable A3 Stable A- Stable 69
AAA Stable Aaa Stable AAA Stable 100
  Aa3 Negative AA- Stable 88
BB- Stable   BB Negative 48
A- Stable A3 Stable A- Stable 66
  B2 Stable  
A- Stable A3 Stable A Positive 74
  Baa1 Stable   65
BBB+ Negative A3 Negative BBB+ Stable 60
  B3 Stable   25
B- Stable Caa1 Negative Watch B- Stable 36
B+ Negative B1 Negative   40
BBB- Stable     55
BBB- Stable Ba1 Positive BBB- Stable 54
SD N/A Caa3 Negative CC N/A 30
  Baa3 Negative BBB- Negative 55
AAA Stable Aaa Stable AAA Stable 100
AA Stable Aaa Stable AA Stable 90
B+ Stable B2 Stable B+ Stable 33
B Stable B1 Stable B+ Negative 28
AAA Stable Aaa Stable AAA Stable 99
BBB- Negative Baa1 Stable   78
B Stable B3 Stable B Stable 19
BBB Stable Baa2 Stable BBB Stable 60
B+ Negative B2 Stable   35
BB Stable Ba1 Stable BB Stable 41
BBB+ Positive A3 Stable BBB+ Stable 60
BBB Stable Baa2 Stable BBB- Positive 53
BBB+ Stable A2 Negative A- Stable 67
BB+ Stable Ba1 Stable BB+ Stable 44
D Negative     0
AA Negative Aa2 Negative AA Stable 87
B- Stable B3 Negative CCC N/A 30
BBB- Stable Baa3 Positive BBB- Stable 52
BB+ Positive Ba1 Stable BBB- Stable 43
B Stable B2 Stable B+ Stable 30
    BBB Negative 65
A- Stable A1 Stable A+ Stable 86
B+ Stable B1 Positive   35
BB- Positive Ba3 Stable BB- Stable 36
    BB- Stable 30
AAA Stable Aaa Stable AAA Stable 98
A+ Stable A2 Stable A+ Stable 80
A Positive Baa3 Positive A- Stable 61
  B3 Stable   25
BBB- Negative Baa2 Negative BBB- Negative 49
AA Stable Aa2 Stable AA- Stable 84
BBB+ Stable Baa2 Stable BBB+ Stable 62
B+ Negative B1 Negative B+ Stable 38
  B3 Stable   25
B+ Negative B1 Stable B- Negative 39
AAA Stable Aaa Stable AAA Stable 99
AAA Stable Aaa Stable AAA Stable 100
AA- Stable Aa3 Stable AA- Stable 82
BBB+ Stable Baa1 Stable BBB+ Stable 63
A- Negative Baa3 Negative   68
BB- Negative Ba3 Negative B+ Stable 44
BB Negative Ba1 Negative BB+ Stable 44
B Stable B2 Stable B+ Stable 33
B- Stable Caa3 Stable B- Stable 15
AA Stable Aa2 Negative AA Stable 90
AA Negative Aa1 Negative AA Negative 95
AA+ Stable Aaa Stable AAA Stable 97
BBB Negative Baa2 Negative BBB- Stable 56
CCC Negative Caa3 Negative CCC N/A 5
BB- Stable B1 Stable BB- Stable 29
B Negative B3 Negative B Negative 34


Ratings

The Trading Economics credit rating (TE Rating) scores the credit worthiness of a country between 100 (riskless) and 0 (likely to default). Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and more insightful when comparing multiple countries. Arguably, our ratings are less likely to be manipulated because they are unsolicited and we are not paid in any way to provide countries with a rating. Technically, our ratings are based on a forward looking macro economic model which takes into account several leading economic indicators, financial markets and very little discretion. If you have any question please email us at contact@tradingeconomics.com

TE S&P Moody's Fitch  
100 AAA Aaa AAA Prime
95 AA+ Aa1 AA+ High grade
90 AA Aa2 AA
85 AA- Aa3 AA-
80 A+ A1 A+ Upper medium grade
75 A A2 A
70 A- A3 A-
65 BBB+ Baa1 BBB+ Lower medium grade
60 BBB Baa2 BBB
55 BBB- Baa3 BBB-
50 BB+ Ba1 BB+ Non-investment grade
speculative
45 BB Ba2 BB
40 BB- Ba3 BB-
35 B+ B1 B+ Highly speculative
30 B B2 B
25 B- B3 B-
20 CCC+ Caa1 CCC Substantial risks
15 CCC Caa2 Extremely speculative
10 CCC- Caa3 In default with little
prospect for recovery
  CC Ca
5 C C
0 D / DDD In default
/ DD
D