Moody's affirms Saudi Arabia's Aa3 rating on strong fiscal buffers

Moody's long-term and short-term country ceilings for bonds and for bank deposits for Saudi Arabia are unaffected by this rating action and remain at Aa3/P-1. Saudi Arabia's Aa3 rating retains a stable outlook because the government's very substantial financial resources and low indebtedness indicate that the kingdom's financial strength will…