Kuwaiti banking sector at A1 with stable outlook: Moody’s – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 02-Feb-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Kuwaiti banking sector at A1 with stable outlook: Moody’s – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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‘Kuwait’s oil production expected to expand until 2027’
KUWAIT CITY, Feb 1: According to Moody’s credit rating agency, Gulf banks entered the year 2023 with a strong financial position, reports Al- Qabas daily. In its report, the agency explained that continued economic growth, moderate inflation and strong financial performance lead to stable expectations of banks in the region, rating the Kuwaiti banking sector at A1 with a stable outlook. There are expectations that oil production will expand in Kuwait until 2027.
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