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Fitch affirms Saudi Arabia at ‘AA-’ outlook stable

Posted on 13 January 2010

From Arabnews.com: Saudi Arabia faces the challenge of diversifying the oil-dependent economy to create jobs for a young and growing population, according to Fitch Ratings.

Fitch Ratings has affirmed Saudi Arabia’s long-term local and foreign currency issuer default ratings (IDRs) at AA-’, both with stable outlooks. The country ceiling is affirmed at ‘AA’ and the short-term foreign currency IDR at ‘F1+’………………………………….Full Article: Source

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