Fitch Ratings affirmed Thursday Kuwait's long term foreign and local currency Issuer Default Ratings (IDR) at 'AA', with stable outlook.
"Kuwait has been hit by the fall in oil prices and falling global equity markets, but these have only temporarily halted the growth in its external assets," Charles Seville, Fitch Associate Director said.
"However, the financial sector is suffering from the spill-over of the global financial crisis and the after-effects of a domestic lending boom," Seville added.END
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