VOL. XLII

No. 02

11-January-1999

KUWAIT

And Assigns A- Long Term Rating To NBK

Standard & Poors (S&P) announced on 29 December 1998 thatit had assigned an A- long-term counterparty credit rating to the National Bank of Kuwait(NBK) and that its outlook is stable. According to the agency, the ratings reflect thebanks strong position in the domestic market, good asset quality and strongcapitalization, in addition to the high level of institutional support for the bankingsystem from the...