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FINANCIAL NEWS
Saudi economic outlook upgraded by S&P
01 Jun 2013
(MENAFN) Standard & Poor’s has revised the outlook on the long-term sovereign credit ratings on Saudi Arabia to positive, from stable, reported Arabian Business.
It said the outlook revision reflected its opinion that it could upgrade Saudi Arabia during the next 24 months if economic growth remains strong.
“In our view, continued growth would help to reduce the country’s social challenges, including unemployment, and enhance productivity and competitiveness,” it said in a statement.
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