Mubasher: The Gulf Bank of Kuwait (GBK) said that Standard and Poor’s Financial Services has affirmed the bank’s credit rating at “A-”, according to a bourse statement on Thursday.
The rating agency has downgraded GBK’s Outlook to “Stable” from “Positive”.
S&P has affirmed GBK’s long- and short-term credit ratings at “A-2”, with a “Stable” Outlook.
GBK’s loans and deposits are in continuous improvement, S&P said, noting that it is expected for the bank to continue growing in a rapid pace.
