Kuwait-Mubasher: Kuwait Finance House (KFH) said that Fitch Ratings has affirmed the company’s long-term issuer default rating (IDR) at “A+”, with a “Stable” Outlook, according to a bourse statement.
KFH added that Fitch affirmed the short-term IDR at “F1”, and the viability rating at “BB”.
The Kuwaiti bank noted that no financial impact is expected to result from Fitch’s ratings.
KFH stock retreated 1.96% to close at 500 fils by the end of Sunday’s trading session, after about 859,400 shares were exchanged at about KWD 430,000.
