Kuwait Downgraded by S&P to A+

Kuwait Downgraded by S&P to A+

by | Jul 19, 2021 | Credit Ratings, Sovereigns

Kuwait was downgraded by one notch to A+ from AA- with a negative outlook by S&P on Friday. The rating action has been initiated as the sovereign lacks a comprehensive funding strategy even as the government faces an ongoing budget deficit which was ~33% of GDP as...
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