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...