Geopolitics

Egan-Jones Examines Sovereign Debt Pressures and Potential Safe Harbors - PR Newswire

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DW NOTE

Egan-Jones rates sovereign debt for a living, which means they watch governments promise to pay back money they created out of nothing. When a ratings agency starts talking about "safe harbors" in sovereign debt markets, what they mean is: most sovereign borrowers are in trouble, and we're trying to identify which ones will default last.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

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Egan-Jones Examines Sovereign Debt Pressures and Potential Safe Harbors - PR Newswire

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