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Kingdom outlooks on long-term IDRs stable
Fitch Ratings has affirmed Saudi Arabia's Long-term foreign and local currency Issuer Default Ratings (IDRs) at 'AA'. The Country Ceiling has been affirmed at 'AA+' and the Short-term foreign currency IDR at 'F1+'. The affirmation reflects the following factors: Saudi Arabia has exceptionally strong sovereign and external balance sheets. Sovereign net foreign assets were 112 percent of GDP at end-2013, the fifth-strongest of all Fitch-rated sovereigns.
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