Moody’s Upgrades Saudi Arabia’s Credit Rating to Aa3 with Stable Outlook Rating Upgrade Reflects Progress in Economic Diversification and Non-Oil Sector Growth

Moody’s Upgrades Saudi Arabia’s Credit Rating to Aa3 with Stable Outlook Rating Upgrade Reflects Progress in Economic Diversification and Non-Oil Sector Growth

Moody’s Ratings has upgraded Saudi Arabia’s credit rating to “Aa3” in both local and foreign currency, with a “stable” outlook. This upgrade reflects the Kingdom's successful efforts in diversifying its economy, particularly the significant growth in its non-oil sector, which is expected to reduce reliance on the oil market and mitigate the impact of long-term carbon transitions on the economy and public finances.

William Brooks Reflects on Diriyah for an Artistic Motivation

William Brooks Reflects on Diriyah for an Artistic Motivation

Saudi Arabia's cultural legacy comes closer to William Brooks since he was accepted into the Diriyah Art Futures program.