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.


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

Kuwait City
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

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

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