S&P affirms Kuwait ratings at AA/A-1, outlook stable | Reuters:
"Feb 14 (Reuters) - Standard and Poor's Ratings Services affirmed Kuwait's long and short-term foreign and local currency sovereign credit ratings at AA/A-1, with a stable outlook on Friday.
The credit ratings agency said Kuwait has rich resources which have made it wealthy and enable it to build strong external and fiscal balance sheet positions.
"The stable outlook balances our view of Kuwait's very strong fiscal and external positions against its confrontational and, in our view, non-transparent political system, the geopolitical tensions in the region and the undiversified economy in which real GDP per capita growth has been weak," S&P said in a statement. "
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