MEED: Global confidence in Kuwait's economy

The magazine MEED reported that major credit rating agencies maintained Kuwait’s sovereign credit ratings during the conflict period, praising the strength of its financial and external buffers. Standard & Poor’s affirmed Kuwait’s rating at AA-/A-1+ with a stable outlook, while Moody’s confirmed its rating at A1. Fitch continued to highlight the strength of Kuwait’s sovereign balance sheet and the resilience of its external position.

Moody’s added that these assessments reflected the rating agencies’ confidence in Kuwait’s ability to absorb sharp disruptions in oil exports and trade, thanks to sufficient resources.

Yield spreads compared to U.S. Treasury bonds were wider than in previous issuances, reflecting a slight increase in geopolitical risk premiums. Nevertheless, strong demand for the issuance demonstrated the continued quality of Kuwait’s sovereign credit and its ability to access capital markets even amid regional uncertainty.

Following this issuance, the ratio of public debt to GDP remained at approximately 24 percent, a low level by international standards.