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CI Seminars

CI Seminars

News & Credit Rating Announcements

06 June 2024 | Country: Kuwait | Bank: Gulf Bank KSCP

Gulf Bank – Issuer and Issue Ratings Affirmed with a Stable Outlook


Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed Gulf Bank's (GB) Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at 'A+' and 'A1', respectively. GB's Bank Standalone Rating (BSR) of 'a-', Core Financial Strength (CFS) rating of 'a-', and Extraordinary Support Level (ESL) of High have also been affirmed. The Outlook for the LT FCR and BSR remains Stable.

CI Ratings has also affirmed the issue rating on GB's KWD50mn Basel III-compliant Tier 2 Subordinated bond at 'BBB+' with a Stable Outlook. The local currency bond comprises a KWD25mn Floating Rate Tranche and a KWD25mn Fixed Rate Tranche.


  • Rating Announcement (CRA)
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  • Bank Rating Report (Kuwait, Gulf Bank KSCP)
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