If the violence in the Niger Delta subsides, the outcome of the presidential election in 2007 proves benign for political stability, and progress on structural reform continues, the ratings could improve. |
The main driver behind the strengthening of the external position has been high global oil prices. |
The stable outlook reflects the balance between positive economic developments and the prospects for the success of the government's ambitious and broad-based reform effort on the one hand, and escalating regional geopolitical risks on the other hand. |