Moody’s could cut Burgan Bank

Moody's Investors Service said it placed the Ba2 long-term deposit rating and ba2 adjusted baseline credit assessment of Burgan Bank AS on review for downgrade.

Burgan Bank's Not-Prime short-term deposit ratings are not affected by this action.

The review for downgrade results from the review for downgrade on the ba1 baseline credit assessment of Burgan's Kuwait-based parent, Burgan Bank SAK (deposits A3 negative watch /P-2; /BCA ba1 negative watch), Moody’s said.

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