29.12.22 Press Release

CBK Issues its 10th Edition of the Financial Stability Report

As part of the constant efforts to increase transparency and public disclosure through providing credible information and data relevant to the local banking and financial sectors, the Central Bank of Kuwait (CBK) issued the Financial Stability Report for the year 2021.

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22.12.22 Press Statement

IMF Concludes its Periodic Preliminary Consultations with the State of Kuwait under Article IV of the IMF Establishment Agreement

The International Monetary Fund (IMF) concludes its periodic preliminary consultations with the State of Kuwait under Article IV of the IMF establishment agreement.

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19.12.22 Press Statement

Honoring the "Let's Be Aware" Campaign at the Kuwait Creativity Award 2022 within the Category of Social Responsibility

The Kuwait Creativity Award Authority 2022 honored the banking awareness campaign "Let's Be Aware" in its annual ceremony on 12/12/2022 under the auspices of the Minister of Information and Culture. The campaign was launched by the Central Bank of Kuwait (CBK) in cooperation with the Kuwait Banking Association, the Kuwaiti banks and other entities with the aim of promoting financial literacy among all segments of society, and disseminating banking and financial awareness about the Creativity Award within the Social Responsibility spectrum.

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12.12.22 Press Statement

CBK Governor Honors the Graduates of the Risk Management Leaders Program

The Central Bank of Kuwait (CBK) Governor and Chairman of the Institute of Banking Studies (IBS), Basel A. Al-Haroon, honored the graduates of the Risk Management Leaders Program (Group II) at the CBK today. The program was held between May 16, 2022 to October 28, 2022. This is one of the "Kafa’a" initiative programs launched by the CBK in cooperation with Kuwaiti banks and Institute of Banking Studies with the aim to develop national competencies and encourage them to work in the risk management departments in banks and financial institutions.

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08.12.22 Press Statement

Launching "Apple Pay" Service Having Met all the Legal and Regulatory Requirements

Having fulfilled all the legal and regulatory requirements of the other regulators, the Central Bank of Kuwait (CBK) announced the complete launch by several Kuwaiti banks of “Apply Pay” services provided by Apple International in the local market. This demonstrate CBK’s keenness to support and help develop easy and quick digital services to the public at the highest security standards that ensure protection of the customer’s banking information.

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06.12.22 Press Release

CBK Raises the Discount Rate by a Half Percentage Point

The Board of Directors of the Central Bank of Kuwait (CBK) decided to raise the discount rate by 0.50% from 3.00% to 3.50% effective December 7, 2022. The CBK Governor, Basel Al-Haroon, pointed out that this decision came in line with the CBK’s balanced and progressive approach that aims to reinforce an environment inducing to economic growth, and maintain the financial and monetary stability and attractiveness of the national currency as a store of the local savings.

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04.12.22 Workshop

CBK Convenes a Regulatory Sandbox Workshop

Within the course of the Central Bank of Kuwait’s (CBK) continuous initiatives to encourage and develop FinTech in the State of Kuwait and to adopt emerging FinTech startups, the CBK held a workshop on the Regulatory Sandbox for digital transformation and innovation specialists in local banks. The Sandbox is a safe environment for testing FinTech without exposing the financial and banking system to risks.

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04.12.22 Press Statement

CBK Launches an Online Portal to Receive Complaints and Appeals from Local Banks' Customers

As part of its efforts to protect individual customers’ rights and enhance the services provided to them, the Central Bank of Kuwait (CBK) announced the launch of an online portal within its Customer Protection Unit for customers to file their complaints and appeals against local banks instead of in person at CBK headquarters.

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03.12.22 Press Statement

Growing Banking Services Offered to People with Disabilities During 2022

To enhance financial inclusion and care to offer customers with special needs access to banking and financial services, Central Bank of Kuwait marks the International Day of Persons with Disabilities observed annually on December 3.

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01.12.22 Announcement

Tenders Electronic Service is Available on CBK website

The tenders’ electronic service is available on CBK official website, in which companies and institutions can view tenders offered by the CBK and obtain all information and terms of references after registration through the designated page: https://tendering.cbk.gov.kw.

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24.11.22 Press Statement

CBK Regulatory Sandbox Adopts Sustainable FinTech Products and Services

As part of its efforts to support FinTech and keep pace with international best practices on sustainability to achieve social and climate-related goals, and in conjunction with the recently circulated guidelines issued by Central Bank of Kuwait (CBK) regarding Environmental Social Governance (ESG) considerations, the CBK announced priority will be given in its Regulatory Sandbox to test products and services that support sustainability standards.

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19.11.22 Press Statement

The First Issue (November 2022) Overview on the Key Economic, Monetary and Banking Developments

The Central Bank of Kuwait (CBK) launched the first quarterly issue (November 2022) to review the key economic, monetary and banking developments, and shed light on the most important indicators related to some selected countries during the third quarter of 2022. It is part of a series of new issues developed by the CBK, and will be issued on a quarterly basis.

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17.11.22 Press Statement

CBK Issues a Circular for Local Banks Regarding Sustainable Finance

The Central Bank of Kuwait (CBK) has issued a circular to local banks regarding guidelines on Sustainable Finance.

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12.11.22 Press Statement

CBK Awareness Campaign Continues to Successfully Raise Financial Awareness in its Second Year

Aiming to enhance financial awareness across all segments of society and inline with directives to broaden and enhance the Kuwaiti banking sector’s social responsibility efforts, the CBK announced that the “Be Aware” campaign is into its second year of success, with views across different social media platforms nearing the 86 million mark.

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06.11.22 Press Statement

CBK Governor Announces the Launch of the “Kuwaiti Economic Student Award” - 2022

The Governor of the Central Bank of Kuwait (CBK) and Chairman of the Board of Directors of the Institute of Banking Studies, Mr. Basel Ahmed Al-Haroun, announced the launch of the third round of the "Kuwaiti Economic Student Award", addressed to undergraduate and graduate students. The awards promote scientific research in the economic and banking fields through motivating and encouraging young national cadres to enhance their research competence according to high scientific standards in banking and finance fields.

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02.11.22 Press Statement

Domestic and International Economic Developments

The Central Bank of Kuwait (CBK) continuously monitors all international economic, monetary and geopolitical developments and their impact on the global economic conditions. In light of these developments and their repercussions, and based on the requirements and conditions of the unique nature of each economy, including our national economy, the CBK affirms that the available local economic and financial data and information confirm continued soundness and resilience of the monetary and financial stability conditions in the State of Kuwait.

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23.10.22 Press Statement

CBK to Test a Buy Now Pay Later (BNPL) Product within its Regulatory Sandbox

In light of the keenness of the Central Bank of Kuwait (CBK) to enable modern financial technologies in the State of Kuwait and to enhance its role in adopting and encouraging innovation, in a way that promotes the introduction of innovative business models, the CBK has allowed a new Buy Now Pay Later (BNPL) product to begin testing by launching thereof in the local market within the Regulatory Sandbox with a group of volunteer customers and merchants to fully assess and evaluate the product before the final launch in the market.

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10.10.22 Press Release

Eleventh Round of KGDP kicks off, Applications Open to Graduates Seeking Careers in Banking

Under the "Kafa’a" Initiative launched by the Central Bank of Kuwait in cooperation with the Institute of Banking Studies and Kuwaiti banks, the Institute of Banking Studies will be receiving applications for the eleventh round of the Kuwaiti Graduates Development Program (KGDP) for those interested in a career in banking as of 10 October and until 17 November 2022.

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09.10.22 Press Statement

CBK to Test e-Wallet Product within its Regulatory Sandbox

As part of its efforts to enable new fintech in the State of Kuwait to deploy more innovative business models, the Central Bank of Kuwait (CBK) announced that it has approved the soft launch of a new product in the local market within its Regulatory Sandbox by applying it to a group of volunteer customers to evaluate the product before the final approval thereof.

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03.10.22 Press Release

CBK Develops Monthly Monetary Statistical Bulletin

His Excellency, the Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK has developed the tables of the Monthly Monetary Statistical Bulletin effective from August 2022, as part of the CBK’s efforts to review and update the data and statistics published in its statistical bulletins, and achieve further progress in statistics work by developing its databases and providing all-inclusive data in terms of coverage, periodicity, recency and quality in line with the best international practices.

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21.09.22 Press Release

CBK Raises the Discount Rate by a Quarter Percentage Point

The Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK decided to raise the discount rate by 0.25% from 2.75% to 3.00% effective September 22, 2022. The CBK also decided to change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve, including repurchases (Repo), CBK bonds and tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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12.09.22 Press Statement

CBK Extends its Condolences on the Passing of the Former Governor, Abdulwahab Al-Tammar

The Central Bank of Kuwait extends its heartfelt condolences on the passing of the former CBK Governor, Abdulwahab Al-Tammar.

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06.09.22 Press Statement

CBK Sets to Launch an Advanced Portal to Process Banking Sector Requests Digitally

In accordance with its digital strategy to create a business environment that underpins the fast-paced advancements in the banking industry and to ensure the banking system ability to fulfil its duties in a highly competitive atmosphere, the Central Bank of Kuwait (CBK) announced that it sets to launch an advanced and improved banking sector digital portal.

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25.08.22 Press Release

CBK to Test a First-of-its Kind Product for Open Banking within the Regulatory Sandbox

Keen to enable the new FinTech and support the Open Banking to help bring about innovative business models in the field of financial services, the Central Bank of Kuwait (CBK) has given the green light to test a first-of-its kind product by launching thereof in the local market within the Regulatory Sandbox and applying the same to banking transactions of volunteer customers to fully assess and evaluate the product before the final launch in the market.

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10.08.22 Press Release

CBK Raises the Discount Rate by a Quarter Percentage Point

His Excellency the Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK decided to raise the discount rate by a quarter percentage point from 2.50% to 2.75% effective August 11, 2022, and change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve including repurchases (Repo), CBK bonds and Tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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10.08.22 Press Statement

CBK Launches a Podcast to Promote Financial Literacy

The Central Bank of Kuwait (CBK) launches a Podcast to promote financial literacy.

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27.07.22 Press Release

CBK Raises the Discount Rate by a Quarter Percentage Point

His Excellency the Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK decided to raise the discount rate by a quarter percentage point from 2.25% to 2.50% effective July 28, 2022, and change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve including repurchases (Repo), CBK bonds and Tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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16.07.22 Press Statement

Standard & Poor's Affirms State of Kuwait Ratings at 'A+'; Outlook Stable

Standard & Poor's Global Ratings: State of Kuwait Ratings affirmed at 'A+'; Outlook changed from negative to stable.

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05.07.22 Press Statement

CBK Honors Winners of the “Kuwaiti Economic Researcher Award” and “Kuwaiti Economic Student Award”

The Central Bank of Kuwait (CBK) held a ceremony to honor the winners of the “Kuwaiti Economic Researcher Award” and “Kuwaiti Economic Student Award” the CBK Governor and Chairman of the Institute of Banking Studies (IBS), Basel Ahmed Al-Haroon, and a host of elite banking sector figures attended the event on Tuesday, 05 July, 2022, at CBK Headquarters.

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03.07.22 Press Statement

CBK to Provide ATMs for “Eidiyah” in Shopping Malls

Due to the increasing demand on all KD denominations for distributing Eidiyah (monetary gift), the Central Bank of Kuwait (CBK) announced the provision of Automated Teller Machines (ATMs) in a number of shopping malls during the Eid.

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30.06.22 Press Statement

CBK Provides Banks with New Currency Notes for Eid Al-Adha

The Central Bank of Kuwait (CBK) announced the completion of the process of providing all local banks with new Kuwait currency notes of various denominations to meet the needs of citizens and residents on the occasion of approaching Eid Al-Adha.

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15.06.22 Press Release

CBK Raises the Discount Rate by a Quarter Percentage Point

The Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK Board of Directors decided to raise the discount rate by 0.25% from 2.00% to 2.25% effective June 16, 2022. The CBK also decided to change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve, including repurchases (Repo), CBK bonds and tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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26.05.22 Press Statement

Moody's Press Release Regarding the Sovereign Credit Rating of the State of Kuwait

Moody's Investors Service has on 26 May 2022 affirmed Kuwait's sovereign credit rating at "A1", with stable outlook.

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26.05.22 Press Statement

CBK Honors the Graduates of the Harvard Business School Program

The Governor of the Central Bank of Kuwait (CBK) and the Chairman of the Board of Directors of the Institute of Banking Studies (IBS), Basel A. Al-Haroon, honored the graduates of the virtual executive education program delivered by Harvard Business School, titled “Leading in a World Transformed”. This program aims to develop executive leaders in the Kuwaiti banks and is a part of the Kafa’a initiative, which was launched by the CBK, sponsored by the Kuwaiti banks and organized and executed by IBS.

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04.05.22 Press Release

CBK Raises Discount Rate by a Quarter Percentage Point

The Governor of the Central Bank of Kuwait (CBK), Basel A. Al-Haroon, stated that the CBK Board of Directors decided to raise the discount rate by 0.25% from 1.75% to 2.00% effective May 05, 2022. This decision reflects the CBK‘s vigilant monitoring of domestic and international economic and geopolitical developments that resulted in all-time high global inflation rates, mainly driven by increased commodity and energy prices and continuous supply chain disruptions, which constitute a key source of imported inflation affecting the consumer price index in the State of Kuwait.

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27.04.22 Press Statement

CBK Instructs Local Banks to Share Financial Transactions Data

Central Bank of Kuwait instructs local banks to share financial transactions data.

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24.04.22 Press Statement

CBK to Provide ATMs for “Eidiyah” in Shopping Malls

Due to the increasing demand on all KD denominations for distributing Eidiyah (monetary gift), the Central Bank of Kuwait (CBK) announced the provision of Automated Teller Machines (ATMs) in a number of shopping malls during the Eid.

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16.04.22 Press Statement

CBK Provides Banks with New Currency Notes for Eid Al-Fitr

The Central Bank of Kuwait (CBK) announced the completion of the process of providing all local banks with new Kuwait currency notes of various denominations to meet the needs of citizens and residents on the occasion of approaching Eid Al-Fitr.

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07.04.22 Press Statement

Standard & Poor's Ratings Update on the State of Kuwait

Standard & Poor's Affirms State of Kuwait Ratings at (A+).

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31.03.22 Press Statement

Central Bank of Kuwait Governor Expresses Gratitude to the Political Leadership

The Central Bank of Kuwait’s (CBK) Governor, Dr. Mohammad Y. Al-Hashel expresses gratitude to the political leadership.

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31.03.22 Press Statement

CBK Issues a Special Report on its Measures through the Global Financial Crisis and Coronavirus Pandemic

The Central Bank of Kuwait (CBK) issued a special report titled “A Decade between Two Crises” to document its efforts and responses to the key shifts in global finance and the banking industry during 2010-2020, and its proactive approach in prudently reinforcing the resilience of the banking sector.

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28.03.22 Press Statement

International Monetary Fund Concludes 2021 Article IV Consultation with the State of Kuwait

International Monetary Fund (IMF) concludes 2021 Article IV consultation with the State of Kuwait.

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27.03.22 Press Release

CBK Concludes Public Consultation on E-Payment Instructions in Preparation for its Official Issuance

The Central Bank of Kuwait (CBK) concluded its public consultation on the draft updated instructions published on January 31, 2022. The instructions were updated to keep abreast of developments in Fintech and e-payments, introduce governing frameworks, enable Fintechs to offer value-added services, and supersede the 2018 instructions.

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23.03.22 Press Release

CBK Launches Second Cohort of the Risk Management Leaders Program

As part of the Central Bank of Kuwait’s efforts to support the Kuwaiti economy and develop national cadres through building capacity of staff in risk management, which has great importance in enhancing the banking environment and in fortifying financial operations, and within the Kafa’a initiative undertaken by the CBK in collaboration with Kuwaiti banks and managed by the Institute of Banking Studies (IBS), the second cohort of the Risk Management Leaders Program begins.

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20.03.22 Press Release

CBK Assesses Kuwaiti Banks’ 2021 performance, Finds Strong Financial Soundness Indicators Despite Highly Stressed Operating Conditions

The Central Bank of Kuwait’s (CBK) Governor, Dr. Mohammad Y. Al-Hashel, stated that the 2021 financials of Kuwaiti banks underscore the resilience of the banking sector and its ability to withstand crises and serve the national economy efficiently without interruptions. The Governor stressed that this was evident in the Kuwaiti banking sector’s financial soundness indicators; Capital adequacy, liquidity, asset quality, and profitability, and supported by the positive results of the stress tests that CBK conducts on a regular basis.

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16.03.22 Press Release

CBK Raises Discount Rate by a Quarter Percentage Point

As part of the Central Bank of Kuwait’s (CBK) vigilant monitoring of domestic and international economic and geopolitical developments, and monetary policy trends in the global economies, and in light of the Federal Reserve’s decision passed in its meeting held on 15-16 March 2022 to raise the USD interest rate by 0.25%, the CBK Board of Directors decided to raise the discount rate by 0.25% from 1.50% to 1.75% effective March 17 2022. In addition, the CBK decided to change the rates of monetary policy instruments by varying percentages for the entire interest rate yield curve, up to the ten-year term. This includes repurchases (Repo), CBK bonds and tawarruq, term deposits, direct intervention instruments, as well as public debt instruments.

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13.03.22 Press Release

CBK Joins GCC Payments System (AFAQ)

The Central Bank of Kuwait (CBK) joined the GCC cross-border payment system (AFAQ) that connects Real Time Gross Settlement Systems (RTGSS) of GCC member states. The first phase of which had been launched by Gulf Payments Company (GPC) and aims to develop cross-border payments, enhance efficiency, provide cost-effective rates and reduce the reliance on external financial systems and networks.

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12.03.22 Press Release

CBK Receives Applications for Master's Degree Scholarship Program

Central Bank of Kuwait (CBK) Governor Dr. Mohammad Yousef Al-Hashel, Chairman of the Board of Directors of the Institute of Banking Studies, announced the start of receipt of applications for Master’s Degree scholarships for Kuwaitis, for the eighth year running, as CBK continues to support projects and initiatives aiming at national capacity building. Higher qualified national cadres would in turn contribute to institutional infrastructure in the State of Kuwait to support the country’s development, he stressed.

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08.03.22 Press Statement

CBK Marks International Women’s Day

The Central Bank of Kuwait (CBK) recognizes International Women’s Day on March 8, 2022, by celebrating CBK female staff’s excellence across its ranks.

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16.02.22 Press Statement

CBK Governor Receives Lord Gerry Grimstone, UK Minister for Investment

The Governor of the Central Bank of Kuwait (CBK) Dr. Mohammad Y. Al-Hashel received on Tuesday, 16 February 2022, the UK Minister of State (Minister for Investment) Lord Grimstone of Boscobel Kt, and an accompanying delegation, to discuss key global economic developments, and the post-pandemic global economic horizon.

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15.02.22 Press Release

Key Developments in the Balance of Payments of the State of Kuwait for the Third Quarter of 2021

The Central Bank of Kuwait (CBK) published today the preliminary data of the State of Kuwait’s Balance of Payments (BoP) for Q3 2021, and the revised data of Q2 2021. The data revealed a surplus during Q3 2021 of KD 2,606.3 million in the Current Account (that sums up receipts and payments on transactions between the domestic economy and other economies in terms of goods, services and income) against a surplus of KD 3,262.3 million during the previous quarter, i.e. a decrease by 20.1% equivalent to KD 656.0 million. This drop is attributable to the rise in the value of receipts on the credit side of the Current Account by KD 385.8 million or 4.8% compared with the previous quarter, and the increase in the value of payments on the debit side of the Current Account by KD 1,041.8 million or 21.5% compared with the previous quarter.

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15.02.22 Press Release

CBK- KBA Launching Diraya Campaign for the Second Year

In light of the Central Bank of Kuwait’s mandate to increase the financial awareness of various segments of society, and strengthen the role of the Kuwaiti banking sector in social responsibility, the Central Bank of Kuwait (CBK) and Kuwait Banking Association (KBA) announce the launch of Diraya "Be Aware" Campaign for the second year in a row. The campaign activities are geared to spread financial awareness to a wider segment of society and increase public awareness of the banking sector’s role and how customers can use banks’ diverse services advantageously.

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14.02.22 Press Statement

CBK Receives the European Commissioner for Budget and Administration and his Accompanying Delegation

The Governor of the Central Bank of Kuwait (CBK), Dr. Mohammad Y. Al-Hashel, received the European Commissioner for Budget and Administration, Mr. Johannes Hahn and his accompanying delegation, in the presence of senior officials from the Ministry of Finance and the Kuwait Investment Authority. The attendees discussed the most prominent global economic developments and post-Covid19 prospects for the global economy, amongst other topics of mutual interest.

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08.02.22 Press Release

CBK Allows Banks to Distribute Semi-Annual Dividends

The Central Bank of Kuwait (CBK) allows banks to distribute semi-annual dividends.

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07.02.22 Press Statement

CBK Hosts US Department of Justice Workshop on Anti-Money Laundering

The Central Bank of Kuwait (CBK) held a joint virtual workshop with the United States Department of Justice titled “Effective Oversight of Financial Institutions to Combat Money Laundering and Terror Finance”. The workshop aims to strengthen the capacity of CBK staff and discuss emerging issues and growing risks in Anti-Money Laundering efforts and combating terror financing. Speakers from the US Department of Justice covered topics related to trends in illicit finance, virtual assets and compliance, and best international practices for regulators, CBK said in a press statement.

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06.02.22 Press Release

Harvard Business School Presents a Virtual Program for Developing Banking and Financial Executives in Collaboration with Kuwait Institute of Banking Studies

Dr. Mohammad Yousef Al-Hashel, the Governor of the Central Bank of Kuwait and the Chairman of the Board of Directors of the Institute of Banking Studies (IBS), announced that IBS shall collaborate with Harvard Business School (HBS) to provide a virtual executive education program, designed specifically to support the development of senior leaders in the banking and finance sector in the GCC countries given the rapidly changing conditions. Dr. Al-Hashel pointed out that the program shall provide virtual training classes - as part of the innovative new professional training methods - through Harvard Business School’s training platform "Zoom".

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02.02.22 Press Release

CBK Governor Announces Digital Banks Guidelines

As tech-based business models are becoming increasingly vital within the banking and finance sector to support and enhance services offered to customers and contributing to overall economic growth, the Central Bank of Kuwait (CBK) has issued guidelines specifying requirements for establishing digital banks. This falls within CBK’s overall effort to utilize the latest advancements to bolster financial stability, encourage innovation, and meet future economic needs.

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01.02.22 Press Release

CBK Issues Draft of Updated E-Payment Instructions For Consultation

The Central Bank of Kuwait (CBK) has issued updated draft of e-payment instructions for public consultation. This effort aims to provide customers with services that add value, set judicious regulatory and supervisory frameworks, and keep abreast with advancements in financial technology and e-payment services.

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31.01.22 Press Release

The Highlights of the Virtual Event "Stability and Enablement" Held by CBK

The Central Bank of Kuwait (CBK) held a virtual event titled "Stability and Enablement", on 31 January 2022. The event is held out of CBK's keenness on fulfilling its mandate in bolstering monetary stability and financial stability, particularly in an increasingly complex environment with ever-growing risks. At the same time, CBK is embracing digitalization to modernize itself and enable the advancement of, drive innovation in, and leverage financial technologies in the financial sector.

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29.01.22 Press Release

CBK Holds a Virtual Event on Enabling Kuwait's Banking and Financial Sector

The Central Bank of Kuwait (CBK) will hold an event on 31 January 2022 to unveil the CBK’s enhanced capabilities in bolstering monetary stability and financial stability titled, “Stability and Enablement”. The presentation will highlight CBK’s efforts in enabling the digital advancement of the financial sector, driving innovation and leveraging FinTech in the financial sector.

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27.01.22 Press Statement

Fitch Ratings Downgrades State of Kuwait Sovereign Credit Rating to (AA-); Outlook Stable

Fitch Ratings downgrades State of Kuwait Sovereign Credit Rating to (AA-); Outlook Stable

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14.01.22 Press Statement

Standard & Poor's Affirms State of Kuwait Ratings at (A+)

Standard & Poor's affirms State of Kuwait Ratings at (A+).

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