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S&P affirms its ratings on Kuwait

S&P Global Ratings affirmed its 'AA/A-1+' long- and short-term foreign and local currency sovereign credit ratings on Kuwait; the outlook is stable.

“The ratings on Kuwait continue to be supported by the sovereign's high levels of accumulated fiscal, external, and household wealth, despite the subdued – albeit improved – oil price environment,” S&P said. “The ratings are constrained by the concentrated nature of the economy and regional geopolitical tensions.

“Kuwait de

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