Kuwait-Mubasher: Al Ahli Bank of Kuwait (ABK) said that Moody’s Financial Services assigned the bank’s long-term global local currency deposit rating at A2, with a future ‘Stable’ outlook, according to a bourse statement.

The rating “reflects our assessment of a very high probability of government support for the bank in the event of need,” Moody’s said.

ABK’s ratings reflected the solid capitalisation as well as the stable funding base and adequate liquidity buffers, the bank said in a statement according to Moody’s report.