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Kuwait Finance House (KFH)has been assigned an A- long-term and an A2 short-term counterparty credit rating by Standard & Poor’s, the first time the agency has issued a full rating to an Islamic financial institution. Fitchhas upgraded KFH’s long-term foreign currency rating to A- from BBB+ and support rating to 1 from 2. In July, Moody’s Investors Servicealso upgraded KFH’s ratings (MEED 30:7:04).