S&P lifts Kuwait Finance view to stable

Standard & Poor’s said it revised the outlook on Kuwait Finance House to stable from negative.

The agency also said it affirmed the bank’s A- and A-2 long- and short-term counterparty credit ratings.

The outlook revision largely reflects a view that the visible deterioration in Kuwait Finance’s key reported asset-quality metrics since late 2008 is now slowing because the bank has restructured most of its problem exposures, S&P said.

The downside risks linked to these exposures are now generally limited, the agency said.

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