VOL. XLII

No. 39

27-September-1999

KUWAIT

S&P Affirms Ratings On Kuwait; Outlook Stable

Standard & Poors (S&P) on 8 September affirmed itsA+ long-term local currency issuer credit rating and its A long-term foreigncurrency issuer credit rating for Kuwait. S&P also affirmed its A-1+short-term local currency issuer credit rating and its A-1 short-term foreign currencyissuer rating on Kuwait, stating that the outlook is stable. The agency saidthe ratings are supported by its sizeable...