Mubasher: The Commercial Bank of Kuwait (CBK) announced that Capital Intelligence (CI) has affirmed the bank’s entire credit ratings with a “Stable” outlook.

CI has affirmed CBK’s long- and short-term foreign currency credit ratings (FCR) at “A+” and “A2”, respectively, while the Financial Strength Rating (FSR) and support rating were affirmed at “A-” and “1”, respectively, according to a bourse statement on Sunday.

The bank noted that CI maintained its FCRs based on the solid assets and full coverage of the losses’ provisions, in addition to CBK’s strong financial position and liquidity.