Saudi Arabia's strong credit rating was downgraded by a major rating agency due to geopolitical risks and concerns about the security of its economic infrastructure.
Fitch downgraded the long-term credit rating from A + to A, the New York-based agency said. His prognosis remains stable.
"The decline reflects growing geopolitical and military tensions in the Gulf region, a revised Fitch assessment of Saudi Arabia's economic infrastructure vulnerability, and the continued deterioration of Saudi Arabia's fiscal and external balance," Fitch said in a statement.
The fall comes about two weeks after the heart of the kingdom's oil infrastructure was hit by drone and rocket attacks, which Riyadh and Washington blamed on Iran.
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