Fitch affirms Kuwait IDR

Fitch Ratings said it has affirmed Kuwait's foreign currency issuer default rating at AA- and the local currency IDR at AA.

The outlook on both ratings remains stable.

The short-term foreign currency rating is affirmed at F1+ and the country ceiling at AA.

Kuwait's ratings are supported by massive fiscal and current account surpluses and external and public finance indicators that are much stronger than the median for AA category economies, the agency noted.

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