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Moody's maintains Kuwait credit rating
- Kuwait: Thursday, November 08 - 2012 at 10:59
Credit ratings agency Moody's Investors Services has said political unrest in Kuwait is unlikely to affect its strong credit fundamentals, maintaining the Gulf country's 'Aa2' rating with a 'Stable' outlook, AFP has reported. "The recent escalation in political protests in Kuwait is not, in our view, likely to affect the government's very strong credit fundamentals," Moody's said. "In our view, a credit-negative situation could only develop if there were a severe turn for the worse in Kuwait's political and social stability that would paralyse government fiscal operations or undermine domestic financial system stability," it said. "At this juncture, we consider such an outcome unlikely."
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