Kuwait gets first Moody's downgrade over govt's 'liquidity risks'

The government has been unable to borrow since a debut Eurobond in 2017, forcing it to rely on the General Reserve Fund instead.

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Kuwait’s parliament this month approved the state budget for the current fiscal year

Kuwait City

2 min read Last Updated : Sep 24 2020 | 2:04 AM IST

Kuwait was downgraded for the first time by Moody’s Investors Service, a decision the ratings agency said reflects the increase in the government’s “liquidity risks.”

The sovereign credit rating

Topics : Kuwait Moody's Rating

First Published: Sep 24 2020 | 2:04 AM IST

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Kuwait gets first Moody's downgrade over govt's 'liquidity risks'

The government has been unable to borrow since a debut Eurobond in 2017, forcing it to rely on the General Reserve Fund instead.

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