VOL. XLIII

No. 12

20-March-2000

KUWAIT

Changes Outlook For Commercial Bank Of Kuwait From Stable To Positive

Moodys also confirmed on 14 March that it had changed the outlook for the Financial Strength Ratings (FSR) of the Commercial Bank of Kuwait (CBK), currently set at "D," from stable to positive. According to the agency, in the past, the high turnover of staff had been a concern, but now management structure appears to have stabilized. In addition, the agency said, the banks financial...