VOL. XLV
No 7
18-February-2002
GENERAL
Moodys Explains NBKs A2 EurobondRating
The A2 rating assigned to NationalBank of Kuwaits (NBK) eurobond by Moodys Investors Service, which pierces thecountry sovereign ceiling of Baa1, reflects the high credit worthiness of theissuer, the low probability of a debt moratorium by the Kuwaiti government andexpected access to foreign exchange by NBK. The ratings agency explained in aspecial commentary on the subject, National Bank of Kuwaits Eurobond RatingAnd...
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