The Agency of Standard & Poor's (S & P) Global Credit Rating announced today the raising of the future outlook for the Kingdom's Sovereign Rating from Stable to Positive at a high credit degree -AA. This announcement comes after a similar announcement from the Agency of Fitch Global Ratings in the past month of March. The Standard & Poor's Agency commended the Kingdom's efforts to strengthen and diversify its economy, which have led to accelerated growth of per capita income in addition to the wise management of its financial reserves. The Minister of Finance, Dr. Ibrahim bin Abdulaziz Al-Assaf, said in a statement to Saudi Press Agency (SPA) today that these positive evaluations issued by the largest rating agencies confirm confidence in the strength and durability of the Saudi economy and show the wise policies pursued by the Kingdom in implementation of the directives of the Custodian of the Two Holy Mosques, King Abdullah bin Abdulaziz Al Saud.
