Fitch affirms Warba Bank

Fitch Ratings said it affirmed Warba Bank's long-term issuer default rating at A+ with a stable outlook.

Fitch also affirmed the bank's viability rating at bb-.

“WB's issuer default ratings are support-driven. Its support rating (SR) and support rating floor (SRF) reflect an extremely high probability of support being provided by the Kuwaiti authorities to all domestic banks if needed,” the agency said in a news release.

© 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.