National Bank of Kuwait – Ratings Affirmed with a Stable Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of the National Bank of Kuwait (NBK) at 'A+'. The rating is supported by very good asset quality and the sound and reinforced capital base. Constraining the rating at present are the apparently tight liquidity ratios (although CI Ratings believes these overstate the true position), together with concerns as to whether the bank can maintain growth in what is still a somewhat slow home market – although with government project spending rising in both 2015 and H1 2016, the business environment is improving.

Attachments

• View Credit Rating Announcement (CRA)
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• Bank Rating Report (Kuwait, National Bank of Kuwait SAKP)
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