VOL. XLVII

No 21

24-May-2004

KUWAIT

RATINGS

Capital Intelligence Raises Al Ahli Bank of Kuwaits Ratings

Capital Intelligence (CI) announced on 13 May that the long term foreign currency and financial strength ratings for Al Ahli Bank of Kuwait (ABK) had been raised to BBB+ and BBB respectively. Others remain unchanged at A2 for the short term foreign currency ratings, three for the support rating and the outlook is stable. CI said that ABK has made a steady improvement in financial strength and...