MARC affirms Kuwait's sovereign rating at AAA
July 27, 2020. Kuala Lumpur: MARC has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The rating reflects Kuwait’s robust fiscal and external buffers. Its credit strengths are, however, tempered by its heavy reliance on oil, as well as weak governance and institutions. The stable outlook is based on MARC’s expectation of Kuwait’s ability to respond effectively to domestic and external developments without eroding its considerable buffers.
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