Moody’s rates Saudi Arabia as A1 stable, with a strong fiscal position and significant liquidity buffers While a new Moody’s Investors Services says that Saudi Arabia’s credit outlook is stable and buffered by a strong fiscal position, the International Monetary Fund’s regional director believes that that the kingdom needs oil prices to be at least $85 per barrel this year to be able to balance its budget. In its annual credit analysis on Saudi Arabia, Moody’s noted that the kingdom’s credit strengths include a strong fiscal position, significant liquidity buffers and a sizable stock of oil reserves combined with low extraction costs. Moody’s rates Saudi Arabia as A1 stable, an outlook it says reflects its view that risks to the kingdom’s risks are broadly balanced. In the report, Moody’s noted that growth in oil revenues before 2014 gave the Saudi government an opportunity to build up a significant asset […]