Middle East Economic Survey

VOL. LII

No 10

9-Mar-2009

SAUDI ARABIA

Saudi Sovereign Rating Stable, Says Capital Intelligence

Rating agency Capital Intelligence has maintained its stable outlook on Saudi Arabias AA- sovereign rating, given the large net asset position of the government, a strong external balance sheet, and a sound banking system. According to Capital Intelligence estimates, the general governments net asset position, which includes the external assets of the state pension funds but...