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Moody's Keeps Norway's Ratings, Stable Outlook on Economic Strength

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-- Moody's maintained the government of Norway's Aaa long-term issuer ratings with a stable outlook.

The rating affirmation is supported by the country's "exceptionally strong" public sector balance sheet, "very low" risk to debt sustainability, institutional setup, wealth levels, and diversification offered by the Government Pension Fund Global's assets, according to an April 24 release.

The stable outlook, meanwhile, reflects the lack of downward pressure on Norway's ratings, with Moody's noting the European country's effective fiscal and monetary policy response to potential shocks.

Amid the Middle East conflict, the rating agency expects a "broadly neutral" impact on Norway's credit profile as higher government revenue due to energy price hikes is offset by upward pressure on inflation.

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