Kuwait receives ‘A+’ rating, despite oil dependency: S&P report

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Sun, 2024-06-09 13:34

RIYADH: A strong stock of government financial assets has cemented Kuwait’s standing as it secures an ‘A+’ rating from Standard & Poor.  

In its latest report, the global rating agency affirmed Kuwait’s sovereign rating with a stable outlook, primarily attributing it to government financial assets supporting around 418 percent of the nation’s gross domestic product in 2024. 

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