Rationale          MARC Ratings has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA/stable based on its national rating scale.  The rating reflects Kuwait’s significant fiscal and external buffers. These credit strengths are, however, balanced by credit concerns that include its heavy reliance on the oil sector, political tens...

Rationale     MARC has affirmed its foreign currency sovereign rating of AAA/stable on the State of Kuwait (Kuwait), based on its national rating scale.  The rating reflects Kuwait’s significant fiscal and external buffers. Meanwhile, its heavy reliance on oil, as well as weak governance and institutions, are credit concerns. Kuwait faces rising fiscal and economic pressure d...

MARC has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The rating reflects Kuwait’s robust fiscal and external buffers.  Its credit strengths are, however, tempered by its heavy reliance on oil, as well as weak governance and institutions. The stable outlook is based on MARC’s expectation o...

MARC has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The rating reflects Kuwait’s stable economic system backed by sizeable hydrocarbon reserves, and robust fiscal and external buffers. Its credit strengths are, however, tempered by its heavy reliance on oil, as well as weak governance and ins...

MARC has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The AAA rating reflects Kuwait’s stable economic system that is supported by large oil reserves, ample financial buffers, as well as a strong external balance sheet. Its strengths are, however, tempered by the economy’s dependence on oil a...

MARC has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time, without respect to specific securities or payment obligations. The rating also serves as a country ceiling for ringg...

MARC has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA with a stable outlook based on MARC’s national rating scale. The rating reflects MARC’s opinion of the sovereign’s ability to meet its foreign currency obligations in full and on time. The rating also serves as a country ceiling for ringgit-denominated debt issued locally by issuers domiciled in Kuwa...

MARC has affirmed the State of Kuwait’s (“Kuwait”) foreign currency sovereign rating of AAA with a stable outlook based on its national scale. The rating reflects MARC’s opinion on the sovereign’s ability to meet its foreign currency obligations in full and on time. It represents the sovereign’s ordinal ranking of creditworthiness within the country and excludes foreign currency trans...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to the State of Kuwait (Kuwait) based on the rating agency’s national rating scale. The government of Kuwait has no debt rated by MARC. The foreign currency debt country ceiling applies to ringgit-denominated issuances by entities domiciled in Kuwait to reflect the transfer and convertibility (T...