Moody's keeps Gulf Bank A3 rating
Moody's credit rating agency has confirmed the long-term deposit rating of Gulf Bank at the A3 level with a stable outlook. It pointed to the strength of its credit profile, supported by solid capital buffers and liquidity, as well as robust provisions. The ratings are based on Kuwait's strong overall economy, which provides a high level of support, with expectations that the bank will continue to maintain adequate capital and liquidity buffers. The agency also noted the bank's ability to regain profitability after the challenges posed by risk costs related to regional conflicts.
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