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Prospect News home > News index > List of issuers N > Headlines for National Bank of Kuwait SAKP > News item
Published on 11/12/2019 in the Prospect News Emerging Markets Daily.

Moody’s assigns Baa3 to NBK securities

Moody’s Investors Service said it assigned a Baa3 (hyb) rating to the planned perpetual non-cumulative additional tier 1 capital securities by NBK Tier 1 Financing (2) Ltd., a wholly owned subsidiary of National Bank of Kuwait SAKP.

NBK Tier 1 is a special purpose vehicle created to sell the securities.

The proceeds will finance a loan to National Bank of Kuwait


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