Capital Intelligence has upgraded Gulf Bank's
Capital Intelligence has upgraded Gulf Bank's Long-Term Foreign Currency Rating to 'A' from A- and Financial Strength Rating to 'BBB+' from BBB, with a 'Stable' Outlook on both Ratings, while affirming its Short-term Foreign Currency rating. This rating upgrade was due to Gulf Bank's Good underlying asset quality and strong loan loss reserve (LLR) coverage, Strong CET-1 capital base, sound profitability at the operating level, and the support from Kuwait government.
Gulf Bank of Kuwait KSC issued this content on 2016-01-24 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-24 07:51:19 UTC
Original Document: http://www.e-gulfbank.com/eng/aboutUs/newsroom/articles/201601241203CapitalIntelligencehasupgradedGulfBanks.jsp
