S&P Global Ratings on Monday (November 20th) affirmed Saudi Arabia's credit ratings, saying the kingdom's sweeping reforms could make it attractive to investors in the medium term despite underlying risks, AFP reported.
The agency maintained its "A-/A-2" ratings on Saudi Arabia and said its outlook was stable, citing expectations the government would take steps to consolidate public finances in the next two years.
Crown Prince Mohammed bin Salman last year unveiled his Vision 2030 programme of economic and social reforms for a post-oil era and has recently announced a host of multi-billion-dollar mega projects, including a futuristic megacity with robots and driverless cars.
