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Moody’s Investors Service Downgrades Commercial Bank of Kuwait SAK to A3/Prime-2 With Stable Outlook


Sunday, 16 Dec 2012 07:00pm EST 

Commercial Bank of Kuwait SAK announced that Moody’s Investors Service (Moody”s) has downgraded its global local and foreign-currency deposit ratings from A2/Prime-1 to A3/Prime-2. Moody's also lowered the lender's standalone credit assessment to ba1 from baa3. The outlook on all ratings has been revised to stable, from negative.