Middle East Economic Survey
VOL. LIII
No 1
4-Jan-2010
KUWAIT
S&P Revises Kuwaiti BICRA Rating On Higher Economic Risk
Standard & Poors Ratings Services (S&P) announced on 21 December the revision of its Banking Industry Country Risk Assessment (BICRA) for Kuwait to Group 5 from Group 4, while confirming its 15-30% estimate of the potential level of gross problematic assets (GPAs expressed as a percentage of domestic private sector credit over the course of an economic recession). An...
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