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