Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Al Ahli Bank > News item |
Moody's lifts Kuwait banks' view to positive
Moody's Investors Service said it changed to positive from stable the outlook on the A2 long-term foreign currency deposit rating of National Bank of Kuwait and the A2/P-2 long- and short-term foreign currency deposit ratings of Al Ahli Bank, Bank of Kuwait and the Middle East, Burgan Bank, Commercial Bank of Kuwait, Gulf Bank, Gulf Investment Corp. and Kuwait Finance House.
In addition, Moody's said it changed to positive the outlook on Commercial Bank of Kuwait's P-2 commercial paper rating and on Gulf Investment Corp.'s A2 senior unsecured ratings.
Moody's said it believes that the Kuwaiti bank ratings are likely to rise with the country's foreign currency deposit ceiling. The outlook on all the banks' other ratings remains unaffected.
This action follows Moody's change of Kuwait's sovereign outlook to positive earlier this year, in light of the further strengthening of the country's fiscal and external positions and the successful conclusion regarding the succession of the new Emir.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.