Kuwait- Mubasher: Fitch Ratings affirmed its rating for Warba Bank, for the first time, at “A+”, with a stable outlook, according the bank’s bourse filing.
The bank’s Long-Term Foreign-Currency Issuer Default Rating (IDR) was affirmed at A+ and the short term at F1, Support Rating (SR) at “1”, Support Rating Floor (SRF) at “A+” and Viability Rating (VR) at “b+”.
Fitch stated that the Kuwaiti government is expected to provide support for all rated local banks when necessary, regardless of the rating, equity structure orsupport date.
