Commercial Bank of Kuwait – 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 Commercial Bank of Kuwait (ComBk or the Bank) at 'A+' and 'A1', respectively. At the same time, CI Ratings has affirmed ComBk's Bank Standalone Rating (BSR) of 'bbb+', Core Financial Strength (CFS) rating of 'bbb+' and Extraordinary Support Level (ESL) of High. The Outlook on the LT FCR and BSR remains Stable.

In a separate rating action also published today, CI has affirmed the issue ratings assigned to the Bank's Basel III-compliant Tier 2 subordinated bond (Tranche 1 and 2) at 'BBB' with a Stable Outlook.

Attachments

• CI Ratings Announcement (CRA)
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• Bank Rating Report (Kuwait, Commercial Bank of Kuwait KPSC)
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