VOL. XLVI
No 38
22-September-2003
RATINGS
S&P Takes Ratings Action On Three Kuwaiti Banks
Standard & Poor's Ratings Services (S&P) said on 8 September that it has raised its long-term counterparty credit and certificate of deposit ratings on National Bank of Kuwait (NBK) to A from A- and that on Commercial Bank of Kuwait (CBK) to BBB+ from BBB. It affirmed the A-2 short-term counterparty credit rating on CBK and the outlook on the two banks is stable. In addition S&P revised the...
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