Moody's Ratings upgraded Saudi Arabia's sovereign rating for the first time since the company first assessed the kingdom in 2016. According to a statement on Friday, the rating company took the kingdom's creditworthiness up a notch to Aa3, its fourth-highest grade. The rating was driven by continued progress in KSA's economic diversification and a better outlook for the non-oil sector.
Moody's upgraded Saudi Arabia's sovereign rating from A1 to Aa3
1st time since the company first assessed the kingdom in 2016
24 November, 2024
by
ReTech Reinsurance Brokers Co.
in Saudi Market
ReTech Reinsurance Brokers Co.
24 November, 2024