Fitch affirms Saudi Arabia's A+ rating with stable outlook

Fitch affirms Saudi Arabia's A+ rating with stable outlook

RIYADH — Fitch Ratings has affirmed Saudi Arabia's long-term foreign-currency issuer default rating at "A+" with a stable outlook, citing the Kingdom's strong fiscal position, substantial financial reserves and resilient economy.In its latest report, Fitch said Saudi Arabia's credit profile is supported by government debt and sovereign net foreign assets that remain significantly stronger than the averages for countries rated in the 'A' and 'AA'…