Kuwait – Mubasher: Capital Intelligence (CI) has affirmed the Commercial Bank of Kuwait’s (CBK) long-term credit rating in foreign currency at ‘A+’, according to a recent statement.
CI also affirmed the CBK’s short-term deposits at ‘A2’, with a ‘Stable’ outlook.
The rating agency clarified that the CBK maintains its capital adequacy, predicting a fair operating profitability.
CI expected the bank to improve its legal investments amid high credit cost, with expectations of revival by the end of 2017 and the beginning of 2018, according to the statement.
