Middle East Economic Survey
VOL. LIV
No 47
21-Nov-2011
KUWAIT
S&P Withdraws ABK Credit Ratings At Banks Request
Standard & Poors Ratings Services (S&P) announced on 31 October that it had affirmed its BBB+/A-2 long and short term counterparty credit ratings on Al Ahli Bank of Kuwait (ABK) and then withdrawn the ratings at the banks request. S&P said: The affirmation reflected our view of ABKs strong capitalization and pre-provision earnings capabilities, adequate asset...
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