Kuwait's foreign assets are estimated to be worth more than $320bn, equivalent to nearly double the Gulf state's GDP, Fitch Ratings has said in a new report.
It said the assets resulted from double-digit budget surpluses registered every year since 1999 thanks to receipts from the country's large oil reserves, which make up 6.1 percent of total world oil reserves.
Fitch has affirmed Kuwait's long-term foreign and local currency issuer default ratings at 'AA', with stable outlooks on both.
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