Moody’s report: Kuwait’s credit rating at risk

The agency explained that Kuwait’s classification is restricted by the cracking of the relationship between the government and the National Assembly

  
Liberation Tower And Skyline, Kuwait flagpole in the middle, Kuwait City, Kuwait. Image used for illustrative purpose.

Liberation Tower And Skyline, Kuwait flagpole in the middle, Kuwait City, Kuwait. Image used for illustrative purpose.

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KUWAIT CITY -  In the latest report on Kuwait by Moody’s, it warned that the liquidity risks threaten the credit rating in the short term, reports Al-Nahar daily.

The agency explained that Kuwait’s classification is restricted by the cracking of the relationship between the government and the National Assembly.

It impedes the policy-making process and undermines the state’s ability to adapt to economic and financial turbulence.

Despite the wealth, Kuwait’s economy is smaller than other oil-exporting Gulf economies.

 

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