Saudi Arabia | Credit Rating

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. Fitch's credit rating for Saudi Arabia was last reported at A+ 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.



AgencyRatingOutlookDate
FitchA+ Stable Mar 22 2017
Moody'sA1 Stable May 14 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
FitchAA Stable Mar 07 2014
S&PAA- Positive May 29 2013
FitchAA- Positive Mar 20 2013
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
Moody'sBaa3 Stable Jan 29 1996


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


Ratings

TE S&P Moody's Fitch DBRS Description
100 AAA Aaa AAA AAA Prime
95 AA+ Aa1 AA+ AA (high) High grade
90 AA Aa2 AA AA
85 AA- Aa3 AA- AA (low)
80 A+ A1 A+ A (high) Upper medium grade
75 A A2 A A
70 A- A3 A- A (low)
65 BBB+ Baa1 BBB+ BBB (high) Lower medium grade
60 BBB Baa2 BBB BBB
55 BBB- Baa3 BBB- BBB (low)
50 BB+ Ba1 BB+ BB (high) Non-investment grade
speculative
45 BB Ba2 BB BB
40 BB- Ba3 BB- BB (low)
35 B+ B1 B+ B (high) Highly speculative
30 B B2 B B
25 B- B3 B- B (low)
20 CCC+ Caa1 CCC CCC (high) Substantial risks
15 CCC Caa2 CCC Extremely speculative
10 CCC- Caa3 CCC (low) In default with little
prospect for recovery
  CC Ca CC
5 C C C
0 D / DDD   In default
/ DD D
D
Standard & Poor, Moody's, Fitch and DBRS' sovereign debt credit rating is displayed above. In addition, the Trading Economics (TE) credit rating is shown scoring 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