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For nearly a year, Kuwait’s credit ratings have been continuously downgraded by international rating agencies, which have great influence in the world of finance.
A negative rating affects the financial reputation of any country, limits its ability to borrow and increases its cost due to the risk factor.
Despite the tendency (by some people) to place the responsibility on the shoulders of senior officials for showing reluctance to take appropriate decisions and cover the deficit, it is the direct responsibility of the Minister of Finance, who is primarily responsible for the state’s financial position and reputation.
Accordingly, the responsibility for the continued decline in the rating falls on him, and his silence or his negative attitude has caused us to lose a lot, reputation and money.
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