Kuwait Finance House – LT FCR Ra ised

Ref: KW 010 2 2 CRA00- 01 21 June 202 3

Kuwait Finance House – LT FCR Ra ised

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has raised the Long-Term Foreign Currency Rating (LT FCR) of Kuwait Finance House (KFH) to ‘A+’ , from ‘A’ , and the Extraordinary Support Level ( ESL) to Very High from High. At the same time, CI Ratings has affirmed the Bank’s Short-Term Foreign Currency Rating (ST FCR) of ‘A1’ , Bank Standalone Rating ( BSR) of ‘bbb’, and Core Financial Strength ( CFS) rating of ‘bbb+’ . The Outlook for the LT FCR and BSR is Stable.

The upgrade of the LT FCR to ‘A+’ foll ows the adjustment of the ESL to Very High . The change in the ESL is driven by the significant increase in KFH’s market position and franchise in Kuwait following the acquisition of Ahli United Bank ( AUB ) in 2022. KFH is now the largest bank…