Ratings: Foreign and Local Currency U~: A-/Stable/A-2 For further details see ratings list. We expect Saudi Arabia will experience modest economic growth from 2018, supported by rising government investment and, later in our forecast period, a gradual increase in oil production. In 2018, oil prices, in addition to other revenue measures,should be supportive of the government's revenue growth and headline fiscal consolidation, despite substantial expenditure growth. We are affirming our 'A-/A-2' long- and short-term sovereign ratings on Saudi Arabia and maintaining a stable outlook. On April 6, 2018, S&P Global Ratings affirmed its 'A-/A-2' unsolicited long- and short-term foreign and local currency sovereign credit ratings on Saudi Arabia. The outlook is stable. The stable outlook is based on our expectation
