安融（香港）評級確認沙烏地阿拉伯王國“A”國際評級；展望:穩定
安融（香港）評級確認沙烏地阿拉伯王國“A”國際評級；展望:穩定
05 12 2024
2024年12月5日，中國香港。安融（香港）評級確認沙烏地阿拉伯王國（簡稱“沙特”）的長期主體評級為“A”，展望為“穩定”。
評級結果肯定了沙特王室政權在多重不確定因素調整下展現出較好韌性，作為全球第二大產油國，經濟規模較大，財政實力較強，龐大的主權資產和充裕的國際儲備對債務具有穩定的保障力度；同時也關注了經濟和財政表現對油氣收入的依賴度較高，中東地緣安全局勢仍待觀察，沙特周邊地緣局勢面臨多層次挑戰和不確定性。
關鍵評級觀點
優勢
沙特王室政權在多重不確定因素調整下展現出較好韌性；
作為全球第二大產油國，經濟規模較大，財政實力較強；
龐大的主權資產和充裕的國際儲備對債務具有穩定的保障力度。
關注
沙特經濟和財政表現對油氣收入的依賴度較高；
中東地緣安全局勢仍待觀察，沙特周邊地緣局勢面臨多層次挑戰和不確定性。
評級展望
沙特擁有穩健的政府債務結構、龐大的主權資產和強大的財政實力，這為其提供了充足的財政空間。綜合考慮，安融（香港）評級授予沙特的信用評級展望為穩定。
注：
1、上述評級均為主動評級。
2、本文譯自英文版新聞稿。若有分歧，以英文版為准。
專案組組員
林芮礽，分析師
評審委員會主任
胡超
Huchao@arrating.com
媒體聯繫
complaints@arrating.com
評級服務聯繫
林芮礽
相關信用評級委員會召開日期：2024年12月5日
若欲獲取進一步的資訊，敬請訪問www.arrating.com
相關的評級方法和模型
《主权信用評級方法和模型》（2024年11月28日）
免責條款
本次評級依據評級對象已經正式對外公佈的資訊，相關資訊的合法性、真實性、完整性、準確性和及時性由評級對象及其資訊發佈方負責。安融(香港)評級按照相關性、及時性、可靠性的原則對評級資訊進行了審慎分析，但對上述資訊的合法性、真實性、完整性、準確性和及時性不作任何保證。評級結果未考慮無法獲取的可能對信用等級有重要影響的非公開資料。
本報告對評級對象信用狀況的任何表述和判斷僅作為相關決策參考之用，並不意味著安融(香港)評級實質性建議任何使用者據本報告採取投資、借貸和交易等行為，也不能作為使用者購買、出售或持有相關金融產品的依據。在任何情況下，安融(香港)評級、安融(香港)評級董事、股東、雇員、代表不對任何投資者（包括機構投資者和個人投資者）使用本報告所表述的安融(香港)評級的分析結果而出現的任何損害、開支、費用或損失承擔任何責任，亦不對被評對象或其發行人使用本報告或將本報告提供給其它方所產生的任何後果承擔任何責任。
ARHK Affirms ‘A’ International Rating to the Kingdom of Saudi Arabia, Outlook Stable
5 December 2024
Hong Kong, December 5, 2024. ARHK has affirmed an international scale long-term issuer credit rating of ‘A’ to the Kingdom of Saudi Arabia (hereinafter referred to as ‘Saudi Arabia’), with a stable outlook.
The rating results confirm the resilience of the Saudi royal regime in adapting to multiple uncertainties. As the world's second-largest oil producer, it has a relatively large economic scale and strong fiscal strength. Its substantial sovereign assets and ample international reserves provide stable support for debt. However, the economic and fiscal performance's high dependence on oil and gas revenues is noted, and the geopolitical security situation in the Middle East remains under observation. The geopolitical environment surrounding Saudi Arabia faces multi-layered challenges and uncertainties.
KEY RATING PERSPECTIVES
Strengths
The Saudi royal regime demonstrates good resilience in adapting to multiple uncertainties.
As the world's second-largest oil producer, it has a relatively large economic scale and strong fiscal strength.
Substantial sovereign assets and ample international reserves provide stable support for debt.
Weaknesses
Saudi Arabia's economic and fiscal performance is highly dependent on oil and gas revenues.
The geopolitical security situation in the Middle East remains under observation, with Saudi Arabia's surrounding geopolitical environment facing multi-layered challenges and uncertainties.
RATING OUTLOOK
Saudi Arabia has a stable government debt structure, substantial sovereign assets, and strong fiscal strength, providing it with ample fiscal space. Taking all factors into consideration, ARHK assigns a stable outlook to the credit rating of Saudi Arabia.
NOTE:
1. The above ratings are all unsolicited credit ratings.
2. The Chinese version of this article is translated from the English version of the press release. In case of discrepancies, the English version shall prevail.
ANALYST CONTACTS
Analyst
Lam Yui Ying
Committee Chair
James Hu
Media Contact
Rating Services Contact
Lam Yui Ying
Date of Relevant Rating Committee: 5 December 2024
Additional information is available on www.arrating.com
Related Criteria
Sovereign Credit Rating Methods and Models (28 November 2024)
DISCLAIMER
This rating is based on information officially released to the public by the rated objects. The legality, authenticity, completeness, accuracy, and timeliness of the relevant information are the responsibility of the rated objects and its information publishers. ARHK has conducted a prudent analysis of the rating information based on the principles of relevance, timeliness, and reliability, but does not guarantee the legality, authenticity, completeness, accuracy, and timeliness of the above information. The rating results did not take into account non-public information that may have a significant impact on the credit rating and could not be obtained.
Any statements and judgments regarding the credit status of the rated objects in this report are only for reference in relevant decision-making and do not imply that ARHK substantively recommends any user to invest, borrow or lend money, and trade based on this report, nor can they be used as a basis for users to purchase, sell, or hold related financial products. Under no circumstances shall ARHK, as well as its directors, shareholders, employees, or representatives be liable for any damages, expenses, costs, or losses incurred by any investor (including institutional and individual investors) as a result of using the analysis results presented in this report, nor shall they be liable for any consequences arising from the use of this report by the rated objects or their issuers or providing this report to other parties.