Saudi Arabia: Political upgrade, Riyadh pushes African and Indian Ocean links

Risk Management
Issue 1174 - 28 Jul 2023 | 4 minute read

Risk Grade B2

Political upgrade: It may seem not the most opportune moment to remove the downwards negative trend arrow from Saudi Arabia’s ‘B’ political risk rating – coming amid more speculation that King Salman Bin Abdelaziz’s health is fading and with the International Monetary Fund giving the kingdom its “steepest growth downgrade among major economies”, as Bloomberg put it on 25 July, and longer-term investment plans in question.

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