VOL. XLVII

No 13

29-March-2004

RATINGS

Capital Intelligence Raises Kuwaits Foreign Currency Rating

Capital Intelligence (CI) announced on 23 March that it had raised Kuwait's long-term foreign currency rating to A+, from A, and affirmed its short-term foreign currency rating at A1. It also assigned a long-term local currency rating of A+ and a short-term local currency rating of A1 to the sovereign. The outlook is stable. The upgrade reflects CI's expectation that the budget and external current...