Fitch Affirms Kuwait's long-term foreign-currency IDR at 'AA'

Fitch Affirms Kuwait’s long-term foreign-currency IDR at ‘AA’

Credit rating agency, Fitch has affirmed Kuwait’s long-term foreign-currency Issuer Default Rating (IDR) at ‘AA’ with a stable outlook. “Kuwait’s key credit strengths are its exceptionally strong fiscal and external balance sheets. Kuwait’s institutional paralysis and slow pace increasingly offset these. This is in addressing growing public finance challenges stemming from heavy oil dependence,” it...

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