Mubasher: Kuwait Finance House (KFH) said that Fitch Ratings has upgraded the bank’s Viability Rating (VR) to “bb+” from “bb”.

Fitch has affirmed the bank’s long-term Issuer Default Rating (IDR) at “A+”, with a “Stable” Outlook, according to a bourse statement issued on Wednesday.

Meanwhile, the short-term IDR of KFH was affirmed at “F1”, with the Support Rating Floor (SRF) being affirmed at “A+”.

It is noteworthy that the income statements of KFH registered a growth of 12% in profits to KWD 137.87 million compared to KWD 123.13 million in the same period a year.

At the stock level, KFH closed Wednesday’s trading session 0.17% lower at 605 fils.