05.10.2015 11:51:00
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National Bank of Kuwait S.A.K.P -- Moody's assigns provisional (P)Baa1(hyb) rating to Tier 2 bonds of National Bank of Kuwait
Limassol, October 05, 2015 -- Moody's Investors Service has today assigned a provisional (P)Baa1(hyb) long-term local-currency rating to National Bank of Kuwait S.A.K.P's (NBK) planned issuance of Kuwaiti dinar-denominated subordinated bonds with contractual point of non-viability (PONV) loss absorption features. NBK already carries local and foreign-currency deposit ratings of Aa3 stable, underpinned by a baseline credit assessment (BCA) of a3.