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Fitch says protests threaten Kuwait's AA rating
- Kuwait: Thursday, November 01 - 2012 at 01:42
Fitch Ratings has warned Kuwait that a further escalation of political protests could put the Gulf country's 'AA' sovereign credit rating under pressure for a downgrade despite the nation's strong balance sheet, Reuters has reported. Recent popular protests over a change in the election law decreed by the ruling emir "suggests a radicalisation of the political scene," the rating agency said. "Prolonged political stalemate could also undermine Kuwait's rating through its impact on the economy," Fitch said. The rating has a 'Stable' outlook.
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