Fitch Affirms KFH Rating at `A+` with Stable Outlook
(WorldNews Africa)

Fitch Ratings has affirmed Kuwait Finance House`s (KFH) Long-Term Issuer Default Rating (IDR) at `A+`; the outlook is stable. It also affirmed KFH`s Support Rating (SR) at `1` and Support Rating Floor (SRF) at `A+`. Fitch has also upgraded the bank`s Viability Rating (VR) to `bb+` from `bb`. The VR upgrade incorporates KFH`s reduced risk appetite to non-core banking assets, especially equity securities and investment properties. It also includes an improvement in the bank`s asset quality and...