Middle East Economic Survey
Moodys Upgrades To D Al Ahli Banks FSR
Moodys announced on 14 December it had upgraded Al Ahli Bank of Kuwait (ABK) to D, with a stable outlook, from D-. The financial strength rating (FSR) of the A2/Prime-2 foreign currency deposit ratings and their outlooks were left unchanged. According to Moodys, the rating reflects the ongoing improvement in the banks financial fundamentals and risk profile, emphasized by reductions...