VOL. XLII
No. 33
16-August-1999
KUWAIT
Fitch IBCA Affirms Kuwait痴 Foreign Currency Ratings
Fitch IBCA announced on 4 August that it had affirmedKuwait痴 long and short-term foreign currency ratings of A and F1 respectively.The ratings apply to senior, unsecured sovereign debt issues and set a ceilingfor Fitch IBCA rated banks and corporates in Kuwait. The agency said thatalthough the fall in oil prices in 1997 and 1998 had an adverse effect onKuwait, the country has little foreign debt (under...
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