VOL. XLIII

No. 19

8-May-2000

KUWAIT

S&P Affirms Kuwaits Ratings

US ratings agency Standard and Poors (S&P) announced on 2 May that it had affirmed its single A long-term foreign currency and single A+ long-term local currency issuer credit ratings for Kuwait. It also affirmed its A-1 short-term foreign currency rating and its A-1+ short-term local currency issuer credit ratings. The agencys outlook for Kuwait is stable.

S&P attributed their affirmations to three main factors: oil...