VOL. XLII
No 42
18-October-1999
KUWAIT
Moody痴 Says Outlook For Kuwaiti Banks Stable
US Ratings Agency Moody痴 Investors Service announced on 4October that the ratings outlook for banks in Kuwait remains stable, althoughcontinued dependence on oil constrains opportunities for banks. Long-termprofitability prospects are positive, the agency said in a statement, but"asset quality may deteriorate further over the short term before itimproves." Asset quality problems, however, are likely to affect...
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