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CB given A+ rating
- Kuwait: Thursday, October 02 - 2008 at 10:27
The Commercial Bank of Kuwait has been given a long term issuer default A+ rating by Fitch Ratings. The rating reflects the high probability of support from the government if needed. The bank's net income has increased 16% year-on-year in H108 and 20% in 2007, due mainly to loan growth, an increase in fee income and gains on investment securities.
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StaffThursday, October 02 - 2008 at 10:27 UAE local time (GMT+4)
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