Fitch Affirms Kuwait at AA- with Stable Outlook Amid Regional Pressures
Fitch Ratings affirmed Kuwait at AA- with a stable outlook, citing exceptionally strong external assets and sovereign net foreign assets reaching 668% of GDP in 2026. The rating agency warned that ongoing regional instability, attacks from Iran, and Strait of Hormuz oil export disruptions will widen the budget deficit. Fitch Ratings has affirmed Kuwait’s Long-Term … Read more