Kuwait enjoys ‘strong credit rating’ due to strong financial and foreign reserves – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 15-Feb-2023
- Source: Arab Times Kuwait
- Sector:Financial Markets
- Country:Kuwait
Kuwait enjoys ‘strong credit rating’ due to strong financial and foreign reserves – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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Foreign currency sovereign rate at AAA
KUWAIT CITY, Feb 14: The Malaysian credit rating agency, MARC, affirmed Kuwait’s foreign currency sovereign rating at (AAA) with a stable outlook, based on Kuwait’s strong credit measures, noting that Kuwait’s strong credit rating reflects its strong financial and external reserves that the country enjoys, reports Al-Qabas daily. The agency said in its report that however, Kuwait’s strengths are offset by its heavy dependence on oil and political tensions that still affect its economic decision-making, as well as weak governance and poor performance of government institutions.
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