From Msn.com: Standard and Poor’s ratings agency on Wednesday placed the A- long-term counterparty credit rating for top Islamic bank Kuwait Finance House on “credit watch” with negative implications.
“The rating action reflects our view that the material deterioration of asset quality indicators and reduced revenue-generating capability — linked to the bad performance of equity and real estate markets — have negatively affected KFH’s financial profile,” S&P said……………………………………..Full Article: Source