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S&P reiterates Kuwait 'AA/A-1+' ratings; outlook stable

S&P reiterates Kuwait 'AA/A-1+' ratings; outlook stable
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Mubasher: Standard and Poor's (S&P) Global Ratings affirmed Kuwait’s long and short term foreign and local currency sovereign credit ratings at 'AA/A-1+'.

Kuwait's large government and external net asset positions will continue to afford the authorities space to gradually consolidate government finances, according to the research firm.

The stable outlook is reflecting the expectation that Kuwait's key credit metrics will remain relatively close to current levels.