KUWAIT/OMAN: Moody’s places on review for downgrades

GULF COUNTRIES - Report 31 Mar 2020 by Rory Fyfe and Justin Alexander

Moody's put Oman and Kuwait on review for downgrades given the drop in oil prices during March, the coronavirus crisis and underlying concerns about governance in both states. We think it is highly likely that Oman will be downgraded, although Kuwait may just avoid it.

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