Industrial Bank Kuwait FSR outlook revised down

15 August 2010

The foreign currency long-term and foreign currency short-term ratings of the Industrial Bank of Kuwait's (IBK) have been affirmed by Capital Intelligence (CI) at 'A' and 'A2' respectively. The lender's financial strength rating has also been affirmed at 'A', but the outlook for this rating has been revised to 'Negative' from 'Stable' due to IBK's deteriorating loan asset quality and weakened profitability, CI said.

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