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01-Aug-2016

Standard & Poor's af?rms NBK's A+ rating with Stable outlook

Standard & Poor's ratings services affirmed its 'A+/A-1' long- and short-term counterparty credit ratings on National Bank of Kuwait (NBK). The outlook remains Stable. The agency expects NBK to benefit from the Kuwaiti government's infrastructure spending, leading to strong profitability, and robust capitalization. The stable outlook re?ects the agency's belief that the bank's asset quality will remain stable and market share strong. S&P’s expects NBK to maintain its strong franchise, supporting its earnings stability. (S&P’s)   National Bank of Kuwait: KWD0.60 as of 31 July 2016, Rating: Buy, FV: KWD0.77 per share, MCap: USD11,271 million, NBK KK / NBKK.KW

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