Saudi EXIM Earns A+ Credit Rating, Strengthening Its Capacity to Expand Export Reach Globally

The Saudi Export-Import Bank (Saudi EXIM) has received its first credit rating from Fitch Ratings, which assigned the bank a long-term issuer default rating (IDR) of A+ for both foreign and local currencies with a stable outlook, and a short-term IDR of F1+.
 Fitch indicated that the ratings are based on several key factors, including strong government ownership and support, oversight by the National Development Fund (NDF), and Saudi EXIM's central role in executing government policies related to export financing, guarantees, and insurance.
 The agency noted that Saudi EXIM functions as an extension of government efforts to diversify the national economy and boost non-oil exports, reinforcing confidence in the continuity of government support when required.