Kuwait-Mubasher: Boubyan Bank said that Moody’s Investors Service has recently affirmed the credit rating of Kuwait's second-largest Islamic lender, according to a statement.
Moody’s affirmed the bank’s long-term credit rating at ‘Baa1’, the short-term rating at ‘P-2’, and the baseline credit assessment at ‘Ba1’.
The Kuwait-listed bank said that the ratings reflected Boubyan’s solid financial position.
On the stock market, Boubyan fell by 2.53% to 385 fils, after 1.43 million shares were exchanged with a value of around KWD 558,400.
