Ratings: Foreign and Local Currency U~: A-/Stable/A-2 For further details see ratings list. 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 maintain government liquid assets close to 100% of GDP over the next two years. On Oct. 6, 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 stable outlook is based on our expectation that the Saudi authorities will
