Mubasher: Moody’s Investors Service has affirmed the Commercial Bank of Kuwait’s (CBK) credit ratings with a “Stable” Outlook.

The rating agency has affirmed the bank’s long-term deposits at “A3”, according to a bourse statement on Monday.

This rating reflects higher support rating by 4 grades above the “ba1” assessment.

Meanwhile, Moody’s has affirmed CBK’s short-term deposits at “p-2”, the bourse statement added.

Moody’s has classified CBK’s risks assessment rating at [A2(cr)/P-1(cr].