Moodys Upgrades Kuwait Finance Houses Deposit Ratings
Moodys Investors Service announced on 3 February that it had upgraded the long- and short-term foreign currency deposit ratings of Kuwait Finance House (KFH) to A3/P-2, respectively, and placed a positive outlook on the D+ financial strength rating (FSR) of the bank. With 20% of banking system deposits and significant government ownership, Kuwait Finance House is too large to fail in Kuwait, said Moodys....
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