Kuwait Finance House – Ratings Affirmed

Ref: KW 010 2 3 CRA00- 01 13 June 202 4

Kuwait Finance House – 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 ( KFH ) at ‘A+’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed KFH ’s Bank Standalone Rating (BSR) of ‘ bbb ’, Core Financial Strength (CFS) rating of ‘ bbb +’ , and Extraordinary Support Level (ESL) of Very High. The Outlook for the LT FCR and BSR remains Stable.

The four-notch uplift of the LT FCR above the BSR is based on an ESL of Very High. The ESL takes into account the government’s 38% ownership of KFH, the Bank’s market position in the Kuwaiti banking sector as the largest bank in the country, the government’s strong track record of providing assistance…