Moody's affirms Kuwait's A1 local and foreign currency issuer ratings, with stable outlook.

Moody's affirms Kuwait's A1 local and foreign currency issuer ratings, maintaining a stable outlook. Moody's credits Kuwait's strong balance sheet and fiscal reserves for the affirmation, while concerns of oil market volatility and long-term carbon transition risks are present. Kuwait's local and foreign currency country ceilings have been raised to Aa1, and a stable outlook signals no imminent changes in rating.

May 16, 2024
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