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S&P alters Kuwait outlook to stable
S&P said it revised its outlook on Kuwait to stable from negative and affirmed the A+ long-term foreign- and local-currency sovereign credit ratings.
“The outlook revision to stable primarily reflects a significant further increase in the price of oil (Kuwait's key export item) in recent months, which we expect to be sustained until at least the end of 2023,” the agency said in a press release.
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