Kuwait-Mubasher: Standard and Poor’s Financial Services affirmed Kuwait Finance House’s (KFH) long- and short-term counterparty credit ratings at A- and A-2 respectively, according to a bourse statement.
S&P outlook of KFH was ‘negative’. Meanwhile, S&P removed the ‘A-’ long-term rating from CreditWatch.
These ratings reflected S&P’s view for KFH’s well-established divestment plan which could have a positive impact on its capitalisation.
On the Kuwaiti bourse, the stock opened 1.02% lower on Wednesday to reach 485 fils, after nearly 736,900 shares were traded with a value of about KWD 357,700.
