Fitch rates Saudi bonds at AA

Fitch Ratings has assigned Saudi Arabia’s $5.5bn 2.375 per cent 2021 senior unsecured notes, the$5.5bn 3.25 per cent 2026 senior unsecured notes and $6.5bn 4.5 per cent 2046 notes a final rating of ‘AA-‘.

The rating is in line with Saudi Arabia’s Long-Term Foreign Currency Issuer Default Rating (IDR) which was affirmed at ‘AA-‘ with a Negative Outlook on 1 September 2016.