Mubasher: Kuwait Finance House (KFH) decided to suspend its business with Standard and Poor's (S&P), an American financial services company.

This decision will be effective starting from 8 May 2018, according to a bourse statement on Wednesday.

Based on the regulatory requirements of the banking segment, KFH will still be dealing with the credit rating agencies Moody’s Investors Service and Fitch Ratings.

No financial impact will reflect on KFH’s financial position after suspending the trading with S&P.