Thursday 18, May 2017 by Nabilah Annuar

CI affirms Gulf Bank's KWD100 million bond rating at 'BBB'

Capital Intelligence Ratings (CI) has affirmed Gulf Bank's (GB) Tier 2 Subordinated Bond rating at 'BBB'.

This rating is one notch below the Bank's Financial Strength Rating of 'BBB+' given the Subordinated Bond's specific features which include a 'non-viability clause'. This Bond qualifies as Tier 2 Capital under the Central Bank of Kuwait Basel III guidelines.

Features & Analyses

Investment Banking Creating a diverse bond market

In an exclusive mini roundtable, Nabilah Annuar, Banker Middle East Editor, sits down with Michael Grifferty, President of the Gulf… read more