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Provider: Reuters Investment Profile
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Provider: GlobalData
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Provider: GlobalData
$125.00

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Moody's Investors Service Downgrades Kuwait Finance House KSC Long Term Ratings to A1 with Negative Outlook and BCA and BFSR to ba1/D+


Monday, 20 May 2013 02:13am EDT 

Kuwait Finance House KSC (KFH) announced that Moody's Investors Service (Moody's) downgraded its long term ratings by one notch to A1 from Aa3. Moody's also downgraded KFH's baseline credit assessment (BCA) and bank financial strength rating (BFSR) by two notches to ba1/D+ from baa2/C- respectively. The Prime-1 short term rating was confirmed. All ratings assigned to KFH carry a negative outlook. 

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