Middle East Economic Survey
VOL. LIII
No 32
9-Aug-2010
KUWAIT
Moodys Upgrades Kuwait Ratings Outlook To Stable
Moodys Investors Service changed the outlook on Kuwaits Aa2 sovereign ratings to stable from negative on 5 August. The rating action was prompted by improved government effectiveness reflected by parliaments approval of some long-awaited items of economic legislation, says Moodys, as well as Kuwaits strong fiscal and external performance relative to its rated peers. Moodys last action on...
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