Kuwait faces credit risks because national policies are behind the curve when it comes to supporting non-hydrocarbon growth, Moody’s Investors Service found. Early this year, Fitch Ratings found Kuwait’s credit strengths were supported by a low-price policy peg for Brent crude oil at $56 per barrel, about $20 per barrel less than current levels. That report, however, found that strength is balanced by an economy that depends heavily on oil, is exposed to geopolitical risks and has a weak business environment behind it. A report Thursday from Moody’s found Kuwait faces significant credit challenges because of its dependency on oil moving in a volatile commodities market. “The country has been slower than its regional peers in developing its non-oil […]