Standard &Poor’s Maintains ‘A-’ Rating for Gulf Bank
Continuing to maintain its record breaking financial performance and sustain its leading market role within the banking sector
Kuwait 11 August, 2008: Leading international credit rating agency Standard & Poor’s has maintained Gulf Bank’s long term credit rating at ‘A-’ with a ‘stable’ outlook. The Bank’s short term credit rating has also been maintained at ‘A-2’, with best quality grade, indicating strong capacity of obligor to meet its financial commitment.
Standard & Poor’s rating report reflects the success of Gulf Bank’s disciplined growing business strategy across all its groups: retail, corporate, international and investment banking. The report highlights the Bank’s strong financial performance, solid market position, superior asset quality and its adequate capitalization.
Standard & Poor’s rating reinforces the Bank’s position as one of the highest rated banks in the region.
