VOL. XLVII

No 01

5-January-2004

RATINGS

S&P Affirms Kuwaits A+/A-1+ Ratings And Stable Outlook

Ratings agency Standard & Poors (S&P) on 23 December affirmed its ratings and outlook on Kuwait. The ratings on Kuwait are supported by the governments significant net external assets, and its track record of prudent macroeconomic policies, says S&P analyst Ala'a al-Yousuf. On the downside, Kuwait's economic structure suffers from key weaknesses, and there are background geopolitical and...