We expect Saudi Arabia's external and government balance sheet positions will remain strong over 2017-2020. We are affirming our 'A-/A-2' foreign and local currency sovereign ratings on Saudi Arabia. The stable outlook is based on our expectation that the Saudi authorities will take steps to consolidate public finances and achieve a net general government asset position above 80% of GDP over the next two years, in line with our current expectations. On April 7, 2017, S&P Global Ratings affirmed its 'A-/A-2' unsolicited long- and short-term foreign and local currency sovereign credit ratings on the Kingdom of Saudi Arabia. The outlook is stable. The ratings on Saudi Arabia are supported by its strong external and fiscal stock positions, which we expect
