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S&P raises the Long Term Credit Rating of Ahli United Bank to ‘BBB+’

Ahli United Bank B.S.C (AUB) has announced that on 19thDecember 2013 Standard & Poor’s, the world’s leading source of credit ratings, raised its long-term counter party credit rating on the bank from “BBB”to “BBB+” stable.

Fahad Al-Rajaan, Chairman of Ahli United Bank said, “The upgrading of AUB long term credit rating to BBB+ stable reflects the underlying strength of AUB Group and is a strong endorsement for its regional business model which has proven to be resilient and diversified over the years.”

Contacts:
Laila Al-Tarawneh
Account Executive
Action Kuwait
Shuwaikh, Newspapers St
Behind Al Qabas, Al Khat Printing Press
P.O.Box: 26992 Safat 13130 Kuwait
T (reception): +965 2484 4545 Ext. 27
T (Direct): +965 2491 5616
F +965 2491 5617/ 2484 4949