VOL. XLII

No 48

29-November-1999

KUWAIT

Moody痴 Changes Deposit Rating Outlook For Kuwait痴 Banks

In the light of the change in outlook of Kuwait痴 sovereignrating to positive, Moody痴 Investors Service has revised the outlook for theratings of six Kuwaiti banks from stable to positive. Moody痴 changed theforeign currency deposit ratings of National Bank of Kuwait, Gulf Bank, CommercialBank of Kuwait, Burgan Bank, Al-Ahli Bank and Bank of Kuwait and the MiddleEast to positive from stable, with the...