News & Credit Rating Announcements
02 June 2022 | Country: Kuwait | Bank: Gulf Bank KSCP
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Gulf Bank - KWD50mn Basel III Tier 2 Bond Rated 'BBB+' with a Stable Outlook
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has rated Gulf Bank's (GB) KWD50mn Basel III-compliant Tier 2 Subordinated bond at 'BBB+'. The local currency bond comprises a KWD25mn Floating Rate Tranche and a KWD25mn Fixed Rate Tranche. The Outlook on the rating is Stable.
Attachments
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Rating Announcement (CRA)
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