Industrial Bank of Kuwait - LT FCR Affirmed and ST FCR Upgraded; Outlook Remains Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) of Industrial Bank of Kuwait K.S.C. (IBK) at 'A+' and adjusted its ST FCR to 'A1' from 'A2'. At the same time, CI Ratings has also assigned a Bank Standalone Rating (BSR) of 'bbb+'. The Outlook for both the LT FCR and BSR is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Kuwait, Industrial Bank of Kuwait KSC)
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