VOL. XLI

No. 23

8-June-1998

KUWAIT

S&P Rates Commercial Bank Of Kuwait

On 3 June, Standard and Poor's (S&P) released a first-time rating of BBB long-termand A-2 short-term with a stable outlook on Commercial Bank of Kuwait. The agency saidthat the bank's financial profile is "characterized by strong capitalization, goodfunding and healthy profitability." Commercial Bank has recovered strongly over thepast three years under new management and, in doing so, has sharply increased its loan...