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Moody's downgrades three Kuwaiti banksMoody's rating agency downgraded on Wednesday three Kuwaiti banks, citing weakening credit conditions, as the country's banking sector grapples with the fallout from the financial crisis. The agency downgraded Gulf Bank financial strength More… |
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Gulf Bank, 4 others get poor S&P ratingsStandard & Poor's Ratings Services has announced that it has lowered its long-term counterparty credit rating on Gulf Bank to 'BBB+' from 'A-' and affirmed the 'A-2' short-term rating besides giving negative outlook More… |
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Kuwaiti bank profits to rebound after Q4 lossesFirst-quarter profits at Kuwaiti banks are expected to decline year on year, but improve from losses in the prior three months even as a global recession hits, analysts said. Shares in the Opec producer's banks have risen since it approved More… |
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S&P cuts NBK outlook, may downgrade 5 banksFive Kuwaiti banks, including top Islamic lender Kuwait Finance House (KFH), face possible downgrades because of exposure to debts of troubled investment firms, ratings agency Standard & Poor's said. S&P also cut its outlook for Na More… |
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Kuwait banks may merge under rescue planKuwaiti banks or investment firms may have to merge if they want to obtain state help under a $5 billion rescue plan, a bill devised by the central bank said. On Thursday, Kuwait's cabinet approved a stimulus package worth 1.5 billion dina More… |
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Moody's may cut ratings of 4 Kuwaiti banksMoody's Investors Service has placed on review for possible downgrade of the long-term deposit rating and bank financial strength rating (BFSR) of four Kuwaiti banks. The banks include National Bank of Kuwait at Aa2/B-, Commercial Bank More… |
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Kuwait cbank says banks not hit by crisisKuwaiti banks are not affected by the global credit crisis, the country's central bank governor said in remarks published on Tuesday. "The Kuwaiti financial institutions are enjoying an excellent financial coverage and don't suffer at all More… |
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Kuwait banks 'not hit by US woes'Kuwait's banks have not been affected by a financial crisis in the United States, the central bank governor said in remarks published on Sunday. 'Local banks have not been, and will not be, affected' by the crisis, Al-Anbaa quo More… |
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Fitch upgrades ratings of five Kuwaiti banksFitch Ratings said it has upgraded the long-term credit rating of five Kuwaiti banks, following the upgrade of Kuwait's long-term foreign currency issuer default to 'AA' from 'AA-' on September 4, with a stable outlook. More… |
