ABK - 945779

YHD - YHD Delayed Price. Currency in USD
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  • Moody's10 months ago

    Al Ahli Bank of Kuwait K.S.C.P. -- Moody's assigns Ba3(hyb) rating to additional Tier 1 capital securities of Al Ahli Bank of Kuwait

    Moody's Investors Service (Moody's) has today assigned a Ba3(hyb) rating to the proposed USD-denominated, perpetual, non-cumulative additional Tier 1 (AT1) capital securities to be issued by Al Ahli Bank of Kuwait K.S.C.P. (ABK, deposits A2 stable, baseline credit assessment baa3). The securities constitute direct, unconditional, subordinated and unsecured obligations of ABK. The terms and conditions of the capital securities incorporate Basel III-compliant non-viability language in accordance with Central Bank of Kuwait (CBK) instructions, and will qualify as additional Tier 1 regulatory capital.

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