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Islamic Finance Briefing - Categorized | Banking, Performance more

Standard and Poor’s affirms NBK’s long term rating at A+

Posted on 02 October 2009

From Ameinfo.com: In a summary report published by S&P yesterday, the rating agency affirmed NBK’s long term rating at A+, S&P stated that NBK’s rating was supported by its strong capitalization, resilient operating performance and a leading commercial position in the domestic market.
Meanwhile, the negative outlook reflects S&P’s expectations that the weakened operating environment stands to put pressure on NBK’s stand alone credit profile………………Full Article: Source

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