Kuwait’s credit rating downgraded to ‘AA-’ by Fitch

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Thu, 2022-01-27 15:12

RIYADH: Kuwait has had their long-term foreign-currency issuer default ratings, or IDR, downgraded from ‘AA’ to ‘AA-‘ by Fitch Ratings.

The downgrade comes as a result of the ongoing political constraints on decision-making that is contributing to structural challenges in the Gulf state. 

 

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