Saudi Arabia has retained its “Aa3” credit rating with a “stable” outlook by Moody’s credit rating agency, reported the Saudi Press Agency (SPA).
In its report, Moody’s noted that the rating underscores the Kingdom’s large economy, vast hydrocarbon reserves, and highly competitive position in global energy markets, in addition to improving institutional and policy effectiveness.
The agency also highlighted progress under Vision 2030 as the main driver of robust non-oil growth, supported by sustained public investment, structural reforms, and gradually improving fiscal and economic transparency.
Meanwhile, the stable outlook indicates Saudi Arabia’s resilience against regional geopolitical risks and potential trade disruptions, Moody‘s said. This is further supported by strong and sustained oil exports flexibility through the East-West pipeline and Red Sea terminals.
The East-West Crude Oil Pipeline, also known as Petroline, is a 700-mile-long pipeline that runs from the Abqaiq oilfield in the Eastern Province to Yanbu along the Red Sea coast.
In response to regional tensions and the disruption of shipping through the Strait of Hormuz, Saudi Arabia accelerated crude flows through its East-West pipeline to a maximum capacity of 7.0 million barrels per day during the first quarter of 2026.
Moody’s projected the Kingdom’s economic diversification to sustain progress and momentum over the coming years, driven by major reforms in the judicial, economic, and social sectors. These reforms have accelerated the development of the services sector and the broader non-oil economy.
The agency also expected non-oil private sector GDP growth to return to around 4–5% after the regional conflict eases, among the strongest rates projected in the GCC region, reflecting ongoing structural reforms, sustained public investment and improving private sector participation.
