Middle East Economic Survey

VOL. XLVII

No 27

05-July-2004

RATINGS

Capital Intelligence Raises BKMEs Long-Term Foreign Currency Rating

Capital Intelligence (CI) has raised the long-term foreign currency rating for Bank of Kuwait & The Middle East (BKME), while other ratings remain unchanged. The new ratings for foreign currency are A- for long-term, A2 for short term; with a financial strength rating of BBB+; a support of three and a stable outlook. CI commented that BKMEs asset quality is good...