S&P Global on Thursday affirmed Saudi Arabia's sovereign credit ratings at 'A-/A-2' with a stable outlook, saying its estimate of the Gulf nation's strong net asset-stock position on its fiscal and external balances continues to be a key ratings support.

However, prolonged low oil prices without a significant fiscal adjustment could lead to an erosion of the net asset stock position and put pressure on Saudi Arabia's ratings, the agency said in a statement https://www.standardandpoors.com/en_US/web/guest/article/-/view/type/HTML/id/2402435.

(Reporting by Nishara Karuvalli Pathikkal in Bengaluru; Editing by Maju Samuel) ((Nishara.KaruvalliPathikkal@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6182 2630;))