News & Credit Rating Announcements
23 March 2021 | Country: Kuwait | Bank: Burgan Bank KSCP
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Burgan Bank - KWD100mn Subordinated Bond Issue Rating Withdrawn Due to Early Redemption of the Obligation
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has withdrawn the 'BBB' issue rating assigned to Burgan Bank's KWD100mn Tier 2 Subordinated bond as the issue was fully prepaid on 9 March 2021. The Outlook on the rating was Stable.
Attachments
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Rating Announcement (CRA)
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