VOL. XLVII

No 15

12-April-2004

RATINGS

Capital Intelligence Raises Ratings On Gulf Bank And CBK

Capital Intelligence (CI) announced on 26 March that the long-term foreign currency and financial strength ratings for Gulf Bank had both been raised to A, while the long-term foreign currency rating for the Commercial Bank of Kuwait (CBK) had been raised to A-. Other ratings for both banks remain unchanged and the outlook was stable. Gulf Bank has completed the first phase of a multi-year...