Moody’s report: Kuwait’s Credit rating at risk
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KUWAIT CITY, April 15: In the latest report on Kuwait by Moody’s, it warned that the liquidity risks threaten the credit rating in the short term, reports Al-Nahar daily. The agency explained that Kuwait’s classification is restricted by the cracking of the relationship between the government and the National Assembly. It impedes the policy-making process and undermines the state’s ability to adapt to economic and financial turbulence. Despite the wealth, Kuwait’s economy is smaller than other oil-exporting Gulf economies.
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