Kuwait-Mubasher: Warba Bank said that Moody’s Investors Service has affirmed the baseline credit assessment at ‘ba3’, with a future ‘Stable’ outlook, the bank said in a recent statement.
The bank’s long-term local currency and short-term foreign currency ratings were affirmed at ‘P-2’ and ‘Baa2’ respectively.
The ‘ba3’ rating was based on the possible government support, according to Moody’s report.
