The Global ratings agency (Fitch) has confirmed the strength of the economy and financial power of the Kingdom of Saudi Arabia, its good management of its foreign investments and foreign exchange"s reserves as well as its disciplined supervision of the banking sector. This came in a statement issued by Fitch on Tuesday in which it affirmed the Kingdom"s keeping of the degree of excellence (AA) at the international credit rating. Speaking on the occasion, the Minister of Finance Dr. Ibrahim Al-Assaf expressed satisfaction of this confirmation, describing it as a culmination of the prudent fiscal and monetary policy pursued by the Government of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud.
