VOL. XXXIX
No. 38
17-June-1996
KUWAIT
Moody's Rates KFH
Kuwait Finance House (KFH) has become the first Islamic institution to be rated by the US ratings agency Moody's Investor Services, joining three other Kuwaiti banks - National Bank of Kuwait, Burgan Bank and Gulf Bank - which received ratings at the end of April (MEES, 29 April). The Islamic bank receives a Baa2 on its long-term deposits, a Prime-3 on its short-term deposits and a 'D' Bank Financial Strength Rating which assesses...
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