National Bank of Kuwait - LT FCR and BSR Outlook Revised to Negative

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating (LT FCR) and Bank Standalone Rating (BSR) of National Bank of Kuwait (NBK) to Negative from Stable. At the same time, CI Ratings has affirmed NBK's LT FCR and Short-Term Foreign Currency (ST FCR) at 'AA-' and 'A1+', respectively. The Bank's BSR has also been affirmed at 'a-'.

Attachments

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