S&P reaffirms Norway's top AAA credit rating
Published: 26 Apr 2012 14:22 GMT+02:00
International ratings agency Standard and Poor's reaffirmed on Thursday its top AAA rating on Norway's sovereign debt
and said the outlook was stable.
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."
Pyramiden was a thriving town of 1,200 people. Photo: Kate Bum/Flickr
A man in a chapka hat and black coat, rifle slung over a shoulder, idles on the pontoon as a group of tourists
sail in to visit Arctic oddity, Pyramiden, a Soviet-era ghost town.
The waters around the Ny Alesund research base no longer freeze. Photo: Alfred Wegener Institute
Not so long ago, skeleton staff overwintering at the Ny-Alesund research centre could walk on the Arctic
town's frozen bay and race their snow mobiles across its surface. Now there is liquid water even in the coldest months.
A boat on the way over to Utøya. Photo: AUF
Four years after Anders Behring Breivik's bloody rampage, the Norwegian island of Utøya will return to life this weekend as it hosts its first Labour youth camp since the carnage.
Olaf Karlsen advertising his art work. Photo: Olaf Carlsen
A Norwegian artist who called on his local village to stand naked on a beach to greet Norwegian TV's touring 'Summer Boat' failed to draw a single other participant.
Bonito in a fish market. Photo: Lars Dugaiczyk/Flickr
During the last few days, no fewer than 17 bonito fish, which are more usually found in the Mediterranean, have been caught in the Oslo fjord.
Unlike Russia, Denmark and Canada, Norway has no claims on the Pole. Photo: Jonathan Hayward/Scanpix
Norwegian commentators have expressed alarm at Russia’s renewed claim on the North Pole, with the Aftenposten newspaper predicting a "battle for the Arctic", arguing: "The only question is how dramatic it will be”.
Pulpit Rock is about 25m squared and almost completely flat. Photo: amanderson2/Flickr
Norway’s most visited natural tourist attractions Pulpit Rock is faced with a delicate problem: tourists pooing in the bushes on the the way up and down.
The skiers travel down into the valley every day by cable car. Photo: matramurena/Flickr
Eleven Norwegian downhill skiers are spending a month living at 2,200m while training deep in a valley to test whether high altitude training has a similar effect on performance to doping.
A Viking longship burning at the end of Edinburgh's Torchlight Procession. Photo: viking2
A Norwegian further education college is starting a programme for want-to-be Vikings where students will learn essential Viking crafts, such as sword forging, jewellery making, and roof thatching.
The beer will be most packaged in cans so it can be carried by locals ad tourists on Polar excursions. Photo: Svalbard Bryggeri AS
A pioneering beer maker on the Arctic island of Svalbard has started producing what will be the world’s most northerly brewed beer, after local authorities removed an 80-year brewing ban.