Thursday 14, June 2012 by Robin Amlôt
Capital Intelligence reaffirms Kuwait Financial Centre SAK (Markaz)
Capital Intelligence (CI) has reaffirmed the rating of the Kuwait Financial Centre's (Markaz) unsecured $100 million FRN at 'BBB'. While the Outlook for the company's bond rating was adjusted to 'Negative' early this year in light of the challenging operating environment and the probable constraints on the recovery of earnings from the still weak regional stock markets, CI is maintaining the Outlook of this particular FRN at 'Stable' - reflecting the short tenor to maturity and the fact that funding for repayment is already largely in place.
