The Commercial Bank of Kuwait announced that the credit rating agency, Capital Intelligence, has affirmed the bank's credit ratings, with a stable outlook.
The bank said in a statement to the Kuwait Stock Exchange, today, Sunday, that the agency fixed the long- and short-term foreign currency rating of the bank at the level of A+ and A1, respectively.
At the same time, the agency affirmed Commercial Bank of Kuwait's self-rating and the bank's core financial strength rating at +bbb.
The long-term foreign currency outlook and the bank's self-rating remain at (stable).
The agency expected that the Commercial Bank of Kuwait would maintain the very high asset quality of the loan portfolio.
