Fitch affirms Burgan Bank

Fitch Ratings said it affirmed Burgan Bank KPSC's long-term issuer default rating at A+ with a stable outlook.

Fitch also affirmed the bank's viability rating at bb.

“BB's issuer default ratings are support-driven,” the agency said in a news release.

The agency said the support rating and support rating floor reflect Fitch's view of an extremely high probability of support being provided by the Kuwaiti authorities to all domestic banks if needed.

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