...affirmed 3 July + Strong sovereign balance sheet; net external creditor; flexible exchange rate + Recession, weak recovery prospects, challenges consolidating public finances + Commodity exposure: energy = 70% of exports, 50% of federal revenues + Weak governance + Triggers for Downgrade: Sustained drop in the oil price; event risk; departure from prudent fiscal policy, external shock, erosion of reserves and fiscal buffers; financial instability/bank recap + Triggers for Stabilising the Outlook: A sustained recovery in...