Kuwait-Mubasher: Al Ahli Bank of Kuwait (ABK) said that Moody’s Ratings Agency has affirmed the bank’s long-term local currency deposit at ‘A2’, with a ‘Stable’ future outlook, according to a bourse statement.
Moody’s has affirmed ABK’s baseline credit assessment (BCA) at ‘baa3’, according to a bourse filing.
ABK stated that this rating has no financial impact on the bank’s current position.
Moody’s noted that the rating reflected a solid capital baseline as well as a strong ability to achieve revenues.
