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Kuwait outlook raised to 'stable'

05 August 2010

Moody's Investors Service said it has raised Kuwait's sovereign ratings outlook to stable after the country's parliament approved "long-awaited" economic legislation. "Since the formation of a new government" last year, "a number of important pieces of economic legislation have been passed," Tristan Cooper, Moody's head analyst for Middle East sovereigns, said in a statement. Moody's previously had a negative outlook on the OPEC oil producer.

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