-- We have affirmed our sovereign credit ratings on the Kingdom of Saudi Arabia. -- The stable outlook reflects Saudi Arabia's exceptionally strong balance sheet and the government's success with its ambitious and broad-based reform effort on the one hand, and high regional geopolitical risks on the other. DUBAI (Standard&Poor's) Aug. 7, 2009--Standard&Poor's Ratings Services today said it had affirmed its 'AA-' long-term and 'A-1+' short-term foreign and local currency sovereign credit ratings on the Kingdom of Saudi Arabia. The outlook is stable. The Transfer&Convertibility (T&C) assessment on Saudi Arabia remains 'AA+'. "The ratings on Saudi Arabia reflect our view of the government's extremely robust external and fiscal positions," Standard&Poor's credit analyst
