S&P reaffirms Norway's top AAA credit rating
AFP · 26 Apr 2012, 14:22
Published: 26 Apr 2012 14:22 GMT+02:00
- OECD praises Norway over strong economy (15 Feb 12)
- Norwegian industrial confidence dips (01 Dec 11)
S&P pointed to the Norwegian government's "strong fiscal and external positions, which continue to benefit from significant tax revenues related to the oil and gas sectors."
The agency nonetheless added that a relatively high level of private sector debt represented a ratings weakness.
It also said the government's fiscal flexibility might be constrained "by the burdens of an aging society unless the authorities take further steps to reform the pension, health care and social security systems."