CIAssigns Kuwait Finance House A- Rating
Ratings agency Capital Intelligence (CI) on 30 July assignedKuwaitsonly Islamic bank, the Kuwait Finance House (KFH), a long-term foreign currencyrating of A-. CI noted that the bank showed a growth in activities and was diversifiedon a local and international market level. According to KFH General Manager Jasir al-Jasir, the banks fundsand portfolios reached $1bn and managed a high rate of return in 2001. Thebanks...