Moody's maintains ratings for 8 Kuwaiti banks
Moody's has affirmed the credit ratings of eight Kuwaiti banks, including the National Bank and Boubyan Bank, with a stable outlook. The agency highlighted their resilience, supported by strong capital buffers, prudential provisions, and robust liquidity cushions. It also noted that government support is rated at A1, and that these banks account for approximately 96% of the local banking system's assets. Moody's anticipates non-oil economic growth of up to 1.5% in 2026 and a strong, expected recovery in 2027, along with a high capacity to absorb economic fluctuations.
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