Mixed signals over KFH's rating
Fitch and Capital Intelligence have different oppinions regarding the diagnosis of Kuwait Finance House's financial strength.
CI rated KFH as BBB+ with a foreign currency long and short term rating of A+ and A1, while Fitch downgraded KFH to 'BB+' from 'BBB-'.
Fitch stated that it would analyze its rating again if it saw evidence of a significant improvement in asset quality, as well as improved capitalization given the large financing portfolio sector concentrations.
Syndicate
