News & Credit Rating Announcements
26 October 2016 | Country: Kuwait | Bank: Burgan Bank SAKP
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Burgan Bank’s Ratings Affirmed with a ‘Stable’ Outlook
Overview
Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, announced today that it has maintained Kuwait-based Burgan Bank (BB)'s Financial Strength Rating (FSR) at 'BBB+', given the more than satisfactory loan asset quality − including strong loan-loss reserve (LLR) cover for non-performing (NPLs), the recent capital injections and consequent improvement in capital adequacy ratio (CAR), and good liquidity underpinned by customer deposit funding.
Attachments
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View Credit Rating Announcement (CRA)
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Bank Rating Report (Kuwait, Burgan Bank SAKP)
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