United Gulf Bank - Ratings Affirmed; Outlook Revised to Negative

Overview

Capital Intelligence Ratings (CI Ratings), the international credit rating agency, announced today that it has affirmed the Long- and Short-Term Foreign Currency Ratings (FCRs) of Bahrain-based United Gulf Bank (UGB) at 'BBB' and 'A3', respectively, on the grounds of the Bank's strong ownership combined with the demonstrated financial and liquidity support from its parent, Kuwait Projects Company Holding K.S.C. (KIPCO Group).

Attachments

• Credit Rating Announcement (CRA)
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• Bank Rating Report (Bahrain, United Gulf Bank B.S.C.)
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