CBK investors delay old board's exit to examine pay

* username: rupertbu

Commercial Bank of Kuwait (CBK) (CBKK.KW) shareholders elected a new board on Wednesday but did not release the old board at the request of a shareholder who asked for their pay to be examined.

Separately, Standard and Poor's cut its long-term rating on the Gulf Arab state's third-largest lender to 'BBB' from 'A-' and affirmed its 'A-2' short-term rating. [ID:nWNA7782]

The CBK board resigned in January, but the bank did not give a reason for their departure.