VOL. XLI
No. 47
23-November-1998
KUWAIT
Fitch IBCA Downgrades United Bank Of Kuwait
Rating agency Fitch IBCA announced on 16 November that it haddowngraded United Bank of Kuwaits (UBK) individual rating from C toB/C. The banks Long-Term, Short-Term and Support ratings ofBBB+, F2 and 3 respectively, however, have been affirmed. Thebanks individual rating, which assesses how a bank would be viewed if it wereentirely independent and could not rely on external support, was downgraded as a result of...
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