Kuwait – Mubasher: The Gulf Bank of Kuwait said that Capital Intelligence (CI) has affirmed the bank’s Financial Strength Rating (FSR) at ‘BBB+’, with a ‘Stable’ outlook.
The rating was endorsed by GBK’s strong assets baseline, the strong coverage for losses of loans reserves, and the solid capital base, according to a bourse statement issued on Sunday.
CI has also affirmed GBK’s long- and short-term foreign currency ratings at ‘A’ and ‘A2’ respectively with a ‘Stable’ outlook, the statement added.
