A track record of and commitment to keeping low fiscal deficits and low inflation, with support across political parties Fiscal debt and interest burdens that we expect to remain fairly steady, as well as a favorable debt composition Moderate external debt levels and external financing needs that reflect the absence of large economic imbalances in the public and private sectors Limited fiscal flexibility, stemming from a low non-oil tax base and budgetary dependence on oil revenue, with limited fiscal savings and the potential for oil production to decline over the coming years Lower real GDP growth prospects than many peer emerging markets Political landscape that requires cross-party negotiation, making the passage of controversial reform difficult Standard&Poor's Ratings Services'
