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Fitch affirms Kuwait's sovereign rating
Fitch Ratings confirmed Kuwait's credit rating at the "AA-" level with a stable outlook, reflecting the country's exceptional strength in its fiscal and external positions. The agency projected a slowdown in non-oil economic growth supported by infrastructure projects, a slight increase in inflation in 2026, followed by a decline in 2027. It indicated that the public debt will increase as a percentage over the next three years but will remain below the average for countries rated (AA), with a substantial accumulation of external assets exceeding ten times the average for countries with the same rating, while containing potential impacts of geopolitical instability.
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