Middle East Economic Survey

VOL. XLVII

No 32

09-August-2004

RATINGS

Moodys Raises Long-Term Deposit Rating On Kuwait Finance House

Moodys Investors Service announced on 26 July that it has raised to A2 from A3 the long-term foreign currency deposit rating for Kuwait Finance House (KFH). This action places the banks rating at the country ceiling for foreign currency bank deposits in Kuwait. The banks prime-two short-term deposit rating and D+ financial strength rating are not affected by the move....