Al Ahli Bank of Kuwait – Issuer and Issue Ratings Affirmed

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Al Ahli Bank of Kuwait (ABK or the Bank) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed ABK's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR has been maintained at Stable.

CI Ratings has also affirmed the issue ratings assigned to the Bank's Basel III-compliant Tier 2 subordinated bonds at 'BBB' with a Stable Outlook.

Attachments

• CI Ratings Announcement (CRA)
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• (Kuwait, Al Ahli Bank of Kuwait K.S.C.P.)
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