VOL. XLII

No 47

22-November-1999

KUWAIT

Moody痴 Changes Kuwait痴 Rating Outlook To Positive

Moody痴 Investors Service announced on 15 November that theoutlook for Kuwait痴 rating had been changed to positive "in the wake ofan improving macroeconomic environment in the Gulf emirate." Moody痴 saidin a statement that although the improved economic situation was largely aproduct of higher oil prices, expenditure restraint and better management ofthe economy also contributed to a more stable macroeconomic...