Rating Action: Moody's Ratings affirms Kuwait's A1 ratings and maintains stable outlook
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Rating Action: Moody's Ratings affirms Kuwait's A1 ratings and maintains stable outlook
Moody’s affirms Kuwait’s ratings at A1 with a stable outlook.
Key points:
- Ratings: A1 for both foreign- and local-currency long-term issuer ratings; outlook remains stable.
- Rationale: Kuwait’s strong balance sheet supports credit resilience, but risks include regional geopolitical tensions, dependence on the Strait of Hormuz for oil exports, and institutional challenges amid past reform delays.
- Economic scenario: Moody’s central view expects real GDP to contract in 202
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