situation comes to the fore as reserves dropped to $3.
The German model for resolving the debt crisis and returning to internal or external balance
relies on fiscal consolidation and structural reforms for the deficit countries.
Continued strong economic performance driven by domestic and foreign direct investment, further progress in consolidating public finances, and the stabilization of external balance
sheets could also support a ratings upgrade," S&P said.
KUWAIT, June 19 (KUNA) -- Global rating agency, Fitch, granted Kuwait an 'AA' rating due to the country's strong sovereign and external balance
sheets for 2012, Kuwait Chamber of Commerce and Industry (KCCI) announced Tuesday.
Containing inflation, thus, is important even for improving the external balance
position," it added.
The outlook on Saudi Arabia's 'AA-' (AA minus) sovereign rating remains stable, according to Capital Intelligence, supported by the large net asset position of the government, a strong external balance
sheet, and a sound banking system.
A sectoral pattern of growth such as this would in fact serve the nation's longer-term needs by contributing to a better external balance
Developed market economies continued to struggle with a slow-moving recovery, financial sector concerns, and mounting debt in 2010 while robust economic growth and improving fiscal and external balance
sheets underpinned positive rating actions for emerging market sovereigns.
It is not going to be like 1991 - when a caretaker Janata Dal Socialist government, headed by Prime Minister Chandra Sekhar, was facing bankruptcy and was on the verge of defaulting on its external balance
of payment obligations.
The deficit for just three years a from 2009 to 2011 a towered to BGN 5 B and judging by the government's forecasts the country's external balance
will show a shortfall for seven years in a row.
By Pratap John/Chief Business Reporter Standard & Poor's has maintained its "stable outlook" on Qatar on the strength of the country's "high levels of economic wealth and strong fiscal and external balance
Commenting on the recent developments on that front, Finansbank economist BaE-ak Karaaslan said a correction in the external balance
seems to be continuing with declining CAD figures.