国际评级：安融（香港）评级确认沙特阿拉伯王国“A”国际评级；展望:稳定
国际评级：安融（香港）评级确认沙特阿拉伯王国“A”国际评级；展望:稳定
2024年12月5日，中国香港。安融（香港）评级确认沙特阿拉伯王国（简称“沙特”）的长期主体评级为“A”，展望为“稳定”。
评级结果肯定了沙特王室政权在多重不确定因素调整下展现出较好韧性，作为全球第二大产油国，经济规模较大，财政实力较强，庞大的主权资产和充裕的国际储备对债务具有稳定的保障力度；同时也关注了经济和财政表现对油气收入的依赖度较高，中东地缘安全局势仍待观察，沙特周边地缘局势面临多层次挑战和不确定性。
关键评级观点
优势
沙特王室政权在多重不确定因素调整下展现出较好韧性；
作为全球第二大产油国，经济规模较大，财政实力较强；
庞大的主权资产和充裕的国际储备对债务具有稳定的保障力度。
关注
沙特经济和财政表现对油气收入的依赖度较高；
中东地缘安全局势仍待观察，沙特周边地缘局势面临多层次挑战和不确定性。
评级展望
沙特拥有稳健的政府债务结构、庞大的主权资产和强大的财政实力，这为其提供了充足的财政空间。综合考虑，安融（香港）评级授予沙特的信用评级展望为稳定。
注：
1、上述评级均为主动评级。
2、本文译自英文版新闻稿。若有分歧，以英文版为准。
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相关信用评级委员会召开日期：2024年12月5日
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相关的评级方法和模型
《主权信用评级方法和模型》（2024年11月28日）
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本次评级依据评级对象已经正式对外公布的信息，相关信息的合法性、真实性、完整性、准确性和及时性由评级对象及其信息发布方负责。安融(香港)评级按照相关性、及时性、可靠性的原则对评级信息进行了审慎分析，但对上述信息的合法性、真实性、完整性、准确性和及时性不作任何保证。评级结果未考虑无法获取的可能对信用等级有重要影响的非公开资料。
本报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着安融(香港)评级实质性建议任何使用者据本报告采取投资、借贷和交易等行为，也不能作为使用者购买、出售或持有相关金融产品的依据。在任何情况下，安融(香港)评级、安融(香港)评级董事、股东、雇员、代表不对任何投资者（包括机构投资者和个人投资者）使用本报告所表述的安融(香港)评级的分析结果而出现的任何损害、开支、费用或损失承担任何责任，亦不对被评对象或其发行人使用本报告或将本报告提供给其它方所产生的任何后果承担任何责任。
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.