Fitch affirms Kuwait International Bank

Fitch Ratings said it affirmed Kuwait International Bank's long-term issuer default rating at A- and short-term issuer default rating at F2.

The outlook is stable.

The ratings reflect the high probability of support that could be expected from the Kuwaiti authorities in case of need, based on the state's history of support for local banks during past systemic crises, Fitch said.

The ratings also reflect the bank's small but growing franchise and sound capitalization, the agency said.

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