"Fitch Ratings has affirmed Kuwait-based Gulf Bank's (GB) Long-term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. The Viability Rating (VR) has been upgraded to 'bb-' from 'b+'. A full list of rating actions is at the end of this comment.
The upgrade of the VR reflects GB's substantial and sustained improvement in asset quality and capitalisation since 2009, the bank's sound liquidity and its relatively cautious growth plans, focusing on its core market."
'via Blog this'
No comments:
Post a Comment