SAUDI ARABIA
 
S&P Upgrades Saudi Sovereign Credit Ratings
 
Standard & Poor’s has revised Saudi Arabia’s long-term sovereign credit ratings outlook to positive from stable whilst affirming the long- and short-term foreign and local currency sovereign credit ratings at ‘AA-/A-1+’. S&P says the outlook revision reflects its view that Saudi Arabia could be upgraded during the next 24 months if economic growth remains strong, adding that...