Kuwait Finance House Bahrain – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Kuwait Finance House B.S.C. (KFHB or the Bank) at ‘A-’ and ‘A2’, respectively. The Outlook for the LT FCR has been affirmed at Stable. At the same time, KFHB’s Bank Standalone Rating (BSR) has been kept at ‘bbb’ and the Outlook for the BSR affirmed at Stable. The Extraordinary Support Level (ESL) remains High.

KFHB’s LT FCR is set two notches above the BSR to reflect the high likelihood of extraordinary support from the parent Kuwait Finance House K.S.C.P. (KFH) (rated ‘A+’/‘A1’/Stable), whose key shareholders are Kuwaiti government entities (38.4%), including the Kuwait Investment Authority. KFH has D-SIB status as the largest bank in Kuwait in terms of consolidated assets. The Kuwaiti government (rated ‘A+’/‘A1’/Stable) has a solid record of providing assistance to…