VOL. XLIV

No. 03

15-January-2001

KUWAIT

Moodys Gives Upbeat Assessment Of Kuwaiti Fiscal Management

Moodys Investors Service announced on 9 January that its positive outlook on Kuwaits Baa1/P-2 country ceilings reflects the improved management of extensive oil reserves and oil-revenue financed funds. According to the ratings agency, the ratings are also underpinned by the increased confidence in regional security due to US and other defense commitments. In a statement quoting its annual report on...