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...