S&P affirms Kuwait's ratings on the back of anticipated return to growth in 2018 - The National

S&P affirms Kuwait's ratings on the back of anticipated return to growth in 2018 - The National:

"Standard & Poor's affirmed its AA/A-1+ ratings for Kuwait, the Arabian Gulf's third biggest oil producer, on the back of an expected return to GDP growth of around 2.5 per cent in 2018 thanks to rising oil prices. The ratings agency forecast Kuwait’s growth will average around 3 per cent over 2019-2021 on the back of rising oil production and investment projects, it said in a statement on Saturday, affirming the country’s outlook as 'stable'. “The stable outlook reflects our expectation that Kuwait's public and external balance sheets will remain strong over the forecast horizon, backed by a significant stock of financial assets,” S&P said."



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