S&P: National Bank of Kuwait (International) A+

Standard & Poor's said it assigned A+ long-term and A-1 short-term counterparty credit ratings to National Bank of Kuwait (International) plc, the corporate and private banking arm of National Bank of Kuwait in Europe.

The outlook is stable.

The long-term rating on the bank reflects its full ownership by and its status as a core subsidiary of the National Bank of Kuwait group, S&P said.

The agency said it believes the group will support the bank in the event of financial distress because of its strategic importance to the overall group and the close operational links between the two entities.

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