The Kingdom of Saudi Arabia won a rating of "A" in the national economy and financial sector according to the rating issued by the international rating agency Fitch. Commenting on the new rating issued by the rating agency Fitch, Minister of Finance Dr. Ibrahim Ala'ssaf said, in a statement to Saudi Press Agency, that this rating boosts the credibility and strength of the Saudi economy and the financial sector in the kingdom. The minister said the international rating agency Fitch has also given the kingdom rating of "stable" for outlook. This is the first time the international rating agency Fitch rates the kingdom. He pointed that this rating and the previous similar one by S&P come from two independent agencies considered as the biggest world rating companies and the most famous ones due to their analytical capabilities and professional credibility. The minister of finance noted that these ratings are based on the political, economic and social situation in addition to personal interviews with a large number of Saudi officials. Dr. Al-Assaf added that the sovereign rating of any country is considered comprehensive and it objectively assesses the points of weakness and strength along with available capabilities of the economic, political and social structure.
