Middle East Economic Survey

VOL. LII

No 22

1-Jun-2009

KUWAIT

S&P Affirms Kuwaits Sovereign Ratings

Standard & Poors (S&P) Ratings Services on 19 May affirmed its AA-/A-1+ sovereign credit ratings for Kuwait with a stable outlook. The agency maintained that Kuwaits ratings are supported by the sovereigns rich resource endowment along with prudent policies that enabled Kuwait to build very strong external and fiscal balance sheet positions in recent years. Net external assets are...