Kuwait-Mubasher: Fitch Ratings has affirmed Kuwait International Bank’s (KIB) long-term and short-term credit ratings at ‘A+’ and ‘F1’ respectively, with a ‘Stable’ outlook.
The ratings reflect the possibility of providing subsidy by the Kuwaiti government which enjoys strong credit ratings, KIB said in a bourse statement issued on Monday.
KIB’s stock reached 196 fils before closing Monday’s session, after 20,000 shares were exchanged at a value of about KWD 3,920.
