| From Globalarabnetwork.com: Standard & Poor's Ratings Services said today that it has revised its Banking Industry Country Risk Assessment (BICRA) of the State of Kuwait (AA-/Stable/A-1+) to Group 5 from Group 4.
At the same time, Standard & Poor's confirmed its 15%-30% estimate of the potential level of gross problematic assets (GPAs) expressed as a percentage of domestic private-sector credit over the full course of an economic recession in Kuwait........................................Full Article: Source
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