News & Credit Rating Announcements
06 May 2021 | Country: Kuwait | Bank: National Bank of Kuwait SAKP
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National Bank of Kuwait - FCRs Lowered; Outlook Revised to Stable from Negative
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has downgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of National Bank of Kuwait (NBK) to 'A+' and 'A1', respectively, from 'AA-' and 'A1+'. The Outlook for the LT FCR is revised to Stable from Negative. At the same time, CI Ratings has affirmed NBK's Bank Standalone Rating (BSR) of 'a-' and revised the Outlook to Stable from Negative. The Core Financial Strength (CFS) rating of 'a-' has also been affirmed.
Attachments
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Rating Announcement (CRA)
PDF Download Available
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Bank Rating Report (Kuwait, National Bank of Kuwait SAKP)
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