Mubasher: Moody's Investors Service has confirmed its ratings for Ahli United Bank (AUB), the dual-listed company on Bahrain Bourse and Boursa Kuwait, at “BAA3” with a “Stable” outlook.
The rating reflects the bank’s strong profitability and capital efficiency, according to the lender’s statement to Boursa Kuwait on Sunday.
The New York-based ratings agency also maintained the bank's long-term deposits at “A2”.
By 11:53 am Kuwait time, AUB’s stock rose 1.55% at 197 fils.
