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Islamic Finance Briefing - Categorized | Banking, Performance more

NBK - Financial strength rating changed from negative to stable

Posted on 06 August 2010

From Globalarabnetwork.com: Moody’s Investors Service has today changed the outlook for the foreign currency deposit rating of National Bank of Kuwait (NBK) to stable from negative. All other ratings of the bank remain unchanged.
This change was prompted by Moody’s sovereign rating action, announced earlier today, to change from negative to stable the outlook on Kuwait’s foreign currency deposit ceiling……………………………………….Full Article: Source

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